Bitcoin ETF Outflows Hit $733.43M on May 27 Amid Fading Iran Crisis Concerns

BTC-0.12%
According to JPMorgan strategist Nikolaos Panigirtzoglou, spot Bitcoin ETFs recorded $733.43 million in net outflows on May 27, with May total outflows reaching approximately $2 billion. The bank noted synchronised outflows from both Bitcoin and gold ETFs signal a broad unwind of the so-called "debasement trade," attributed to fading expectations of a US-Iran conflict and growing market discussion of potential diplomatic resolution.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments