Bitcoin ETP outflows push rolling one-year flows negative for first time since 2023: K33

macro

K33 reports Bitcoin ETP rolling one-year flows have turned negative for the first time since 2023, with holdings down 8% from their peak—the largest drawdown on record, per Head of Research Vetle Lunde. This indicates waning institutional demand and a reduction in structural tailwinds for BTC, increasing downside pressure on price and market liquidity if outflows continue.

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