Institutional Capital Flows Shift Sharply Against Bitcoin Amid Macro Pressures
The week that just ended saw significant shifts in institutional capital flows for various cryptocurrencies, particularly bitcoin and ether.
Bitcoin ETFs, which had been attracting nearly $1 billion in inflows just a week prior, suffered redemptions across every trading session from September 8 to 11.
This reversal came as the price of bitcoin settled around $77,000 and investors faced a tougher macroeconomic backdrop.
The outflows for bitcoin ETFs totaled $462.73 million, with Ark & 21Shares' ARKB bearing the brunt at $234.2 million in losses.