Bitcoin ETFs are bleeding cash for the fourth day straight while stocks party.
Original headline: Bitcoin sits out stock rebound as ETF outflows extend to fourth day — coindesk.com
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Bitcoin's price held steady around $74,000 despite a broader stock market rebound, as investors continued to pull money out of Bitcoin spot exchange-traded funds (ETFs) for a fourth consecutive day. The article notes that this happened after a hot inflation report significantly increased the market's expectation for a U.S. interest rate hike.
For crypto traders, this highlights the persistent disconnect between traditional finance and crypto markets, where Bitcoin can decouple from stock movements based on its own internal flows and sentiment. The extended ETF outflows suggest a short-term cooling of institutional enthusiasm, indicating that even with mainstream financial products, crypto's volatility and speculative nature remain front and center. The takeaway? In crypto, the party for one asset class doesn't guarantee an invitation for another.
Read the original at coindesk.com
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