spot ETFs Archives - Bitcoin Times https://www.bitcointimes.co.uk/tag/spot-etfs/ The Latest UK Bitcoin and Crypto News Sat, 20 Jan 2024 19:59:40 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.bitcointimes.co.uk/wp-content/uploads/2023/02/cropped-Bitcoin-Fav-Logo-32x32.png spot ETFs Archives - Bitcoin Times https://www.bitcointimes.co.uk/tag/spot-etfs/ 32 32 Bitcoin ETF Approval Sends Crypto Markets In a Tailspin https://www.bitcointimes.co.uk/news/investments/bitcoin-etf-approval-sends-crypto-markets-in-a-tailspin/ https://www.bitcointimes.co.uk/news/investments/bitcoin-etf-approval-sends-crypto-markets-in-a-tailspin/#respond Sat, 20 Jan 2024 19:59:40 +0000 https://www.bitcointimes.co.uk/uncategorized/bitcoin-etf-approval-sends-crypto-markets-in-a-tailspin/ The recent approval of spot bitcoin ETFs has caused a significant impact on the cryptocurrency markets, with bitcoin prices plunging and outflows from existing bitcoin-related investments. Investors Shift Profits to Cheaper U.S. ETFs Investors are taking profits and moving their money into the cheaper U.S. ETFs, resulting in sizable outflows for Canadian and European ETPs. [...]

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]]> The recent approval of spot bitcoin ETFs has caused a significant impact on the cryptocurrency markets, with bitcoin prices plunging and outflows from existing bitcoin-related investments.


Investors Shift Profits to Cheaper U.S. ETFs

Investors are taking profits and moving their money into the cheaper U.S. ETFs, resulting in sizable outflows for Canadian and European ETPs.


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Bitcoin prices fell further as spot bitcoin ETFs face outflows, putting pressure on the market.
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Outflows from Futures-Based Bitcoin ETFs Exert Pressure on Prices

As futures-based bitcoin ETFs see outflows, they are forced to close their long positions in the futures market, potentially further pressuring bitcoin prices.


Read more here at https://www.coindesk.com/markets/2024/01/18/bitcoin-plunges-below-41k-as-sell-the-bitcoin-etf-news-wins-the-day/

The post Bitcoin ETF Approval Sends Crypto Markets In a Tailspin appeared first on Bitcoin Times.

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