$BTC ETF Bleeding Reveals Institutional Retreat, Says Glassnode
Sustained outflows from
$BTC and
$ETH exchange-traded funds indicate institutional investors are disengaging from crypto markets, according to analytics platform Glassnode. The 30-day simple moving average of net flows into US spot
$BTC and
$ETH ETFs has turned negative since early November.
Glassnode said Tuesday this persistence suggests muted participation and partial disengagement from institutional allocators, reinforcing a broader liquidity contraction across the crypto market. Flows into #cryptoETFs typically lag spot markets for the tokens, which have trended downward since mid-October.
The funds are viewed as a bellwether for institutional sentiment, which drove markets for most of this year but appears to have shifted bearish as the wider market contracts. Coinglass reported that aggregate #Bitcoin ETF flows have been negative for four consecutive trading days, though BlackRock's iShares Bitcoin Trust saw minor inflows over the past week.
