The cryptocurrency market experienced a significant setback as spot Bitcoin exchange-traded funds (ETFs) recorded a massive $410 million net outflow, marking a sharp decline in institutional appetite. This wave of divestment was led by major players, including Fidelity’s FBTC and Grayscale’s GBTC, as investors pulled capital amid growing market uncertainty. Adding to the bearish sentiment, Standard Chartered has officially revised its year-end price forecast for Bitcoin. The banking giant slashed its target, citing a slower-than-expected pace of ETF inflows and a shifting macroeconomic landscape characterized by persistent inflation and high interest rates. Analysts note that the cooling interest in ETFs suggests a transition from the initial hype phase to a more cautious period of consolidation, leaving Bitcoin struggling to maintain its recent price floors as market participants wait for more favorable economic indicators.
Source: Bitcoin ETFs bleed $410M as Standard Chartered slashes BTC target
コメント