Recently, institutional investors have been more cautious in the cryptocurrency market and have withdrawn their funds from Bitcoin ETFs. This shift in attitude has led to a significant capital outflow, with Bitcoin spot ETFs in the US witnessing capital outflows on Wednesday as well. Reports indicate that the total capital outflow from these funds reached $326.27 million on Wednesday, the highest amount since March 10th, marking the fourth consecutive day of capital outflow. It seems that the trade war initiated by Trump’s administration has prompted major investors to close their positions to reduce risks. Among them, BlackRock’s IBIT fund had the highest capital outflow with $252.29 million. However, the total inflow into this fund is still $39.66 billion. Bitwise’s BITB fund followed in second place with $21.27 million outflow, leaving $1.97 billion in total inflow. None of the twelve Bitcoin spot ETFs in the US had capital inflows on that day. Meanwhile, the Bitcoin futures trading volume has decreased to $50.81 billion, indicating a decline in trader participation. Nevertheless, a positive funding rate of 0.0090% suggests that traders are still paying to maintain their long positions. In the options market, there is an increased demand for call options over put options, indicating some traders’ optimism about price growth. Visit the digital currencies’ real-time price page to track the live prices of all tokens and cryptocurrencies.
