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Benzinga
Benzinga
Business
Murtuza J Merchant

Over $500 Million In Outflows From Bitcoin ETFs: What Does It Mean For The Bull Market?

Bitcoin ETF Fidelity Glassnode Grayscale
Bitcoin ETFs

Bitcoin's (CRYPTO: BTC) summer rally is facing its first real test as institutional ETF flows, which helped fuel the move to fresh highs, show signs of strain.

What Happened: A Glassnode report on Tuesday flagged that while spot Bitcoin ETFs recorded over $880 million in inflows last week, sustainability remains uncertain against weakening on-chain activity and falling spot volumes.

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