According to CryptoRank, institutional investors withdrew about $154 million from the bitcoin ETF on Monday and $326 million on Tuesday. K33 Research also recorded a negative trend for several days.
"The outflow of more than $480 million is a worrying sign, as bitcoin ETFs have been the main factor contributing to the growth of the cryptocurrency market in recent months," analysts at K33 Research said.
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According to CryptoRank, institutional investors withdrew about $154 million from the bitcoin ETF on Monday and $326 million on Tuesday. K33 Research also recorded a negative trend for several days.
"The outflow of more than $480 million is a worrying sign, as bitcoin ETFs have been the main factor contributing to the growth of the cryptocurrency market in recent months," analysts at K33 Research said.