Bitcoin ETFs Suffer $241M Daily Outflow Amid Bearish Trend
Bitcoin ETFs suffered a significant net outflow on September 2, with $241.35 million being withdrawn in one day. This translates to approximately -3148 BTC.
The seven-day net flow for Bitcoin ETFs remained positive at +2808 BTC, worth around $215.24 million.
Ethereum ETFs, however, showed stronger momentum, with a daily net inflow of 7522 ETH and a seven-day net inflow of 219080 ETH.
The current price of Bitcoin sits at $77275.95, below the EMA50 at $77528.27, indicating a bearish trend structure in the market.