🚹 UPDATE 🚹

Bitcoin ETFs saw outflows of 1,790 BTC today 📉

Ethereum ETFs recorded outflows of 50,655 ETH 📉

But what does that mean? đŸ€”

An ETF is a fund that holds Bitcoin or Ethereum so investors can buy shares instead of the coins directly.

When we say outflows, it means investors pulled their money out. The ETF had to sell Bitcoin or Ethereum to give that cash back.

So today’s numbers mean billions of dollars worth of BTC and ETH left ETFs, adding selling pressure on the market.

👉 Less money in ETFs = bearish pressure.

Feel free to ask questions! We will answer all💯

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