CryptoSlate reports $462.7 million in weekly US spot Bitcoin ETF outflows
The withdrawals followed roughly $3.8 billion in inflows over three weeks, CryptoSlate says. It cites Ecoinometrics’ warning that continued withdrawals would make Bitcoin’s $75,000 level harder to hold.
TLDR
CryptoSlate said on September 14 that US spot Bitcoin exchange-traded funds saw $462.7 million in weekly outflows after drawing roughly $3.8 billion over three weeks. The outlet cites Ecoinometrics as saying continued withdrawals would make $75,000 harder for Bitcoin to hold. CryptoSlate points to ETF flows after the Fed’s September 16 decision as an indicator of whether those withdrawals continue.
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