ETF Outflows End Inflow Streak — Short-Term Caution for Bitcoin & Ethereum
I see that Bitcoin and Ethereum ETFs recorded modest net outflows of $14 million and $59 million, respectively, ending their run of consecutive inflows. This looks like short-term profit-taking rather than a decisive market reversal.
I'll watch subsequent daily flows and price action for confirmation before changing my view; a sustained outflow trend or weakening price momentum would prompt a more cautious stance.
Analysis
Recommendation
I recommend watching ETF flow data and price momentum closely; avoid knee-jerk trades and wait for a clearer trend before buying or selling.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.