Apr 18th 2022
Gargantuan outflows from BTC ETPs so far this month
The BTC ETP flows halfway into April show huge outflows, suggesting a strong selling pressure from traders with bitcoin exposure through traditional investment vehicles.
Source: Bytetree, VanEck, Proshares, Hashdex, StatusInvest
March was the strongest month in terms of inflows to the BTC ETPs since October, but April is currently on the path towards a different extreme, as BTC ETPs have experienced net outflows of 9,871 BTC in the first two weeks of April.