Bitcoin ETF Outflows Are Now at Record Levels. Time to Panic, or Time to Buy the Dip?
Times aren't great for Bitcoin right now.
Bitcoin ETF Outflows Are Now at Record Levels. Time to Panic, or Time to Buy the Dip?
Overview
When $4.4 billion walks out the door in just a couple of weeks, it's natural to feel a twinge of anxiety. U.S. spot Bitcoin (CRYPTO: BTC) exchange-traded funds (ETFs) just recorded a deluge of net outflows from May 15 through June 3, the longest streak since their January 2024 launch.
The price of the coin is down 21% in the last 30 days alone, and now there's a sense of skittishness (if not early-stage panic) in the air. But why are investors selling the coin right now, and is this dip worth buying?
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Originally published at www.fool.com.
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