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Retirement Institutions: Bitcoin Etfs and Ethereum Suffer Their Worst Quarter Since the Launch - Crypto Economy Esp
Summary by Crypto Economy
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Key news points: Bitcoin drops 25% monthly to $69,000 while crypto ETFs face $5.8 billion outflows. BlackRock’s IBIT loses $2.8 billion in the quarter, contrasting with $21 billion in previous inflows. Matt Hougan points out that financial advisors hold positions; the sale comes from hedge funds. Bitcoin records a drop of over 25% in the last month, while cryptocurrency listed funds (ETFs) experience massive outflows of institutional capital. Th…
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