US Bitcoin ETFs Post $1.1B Outflows As BTC Price Struggles Below $100K

Over the last two years, the performance of the US-based Bitcoin ETFs (exchange-traded funds) has been a fair reflection of the current market sentiment. With consecutive weeks of capital outflows, there is no doubt about the predominantly bearish climate of the market. This worsening sentiment can be seen in BTC’s dip below the psychological $100,000 price level. While selling pressure from various investor classes has been identified as one of the major factors behind BTC’s price decline, it is difficult to overlook the concurrent woeful performance of the Bitcoin ETFs source: https://www.newsbtc.com/news/bitcoin/us-bitcoin-etfs-post-1-1b-as-btc-price-struggles/