US-based spot Bitcoin and Ethereum Exchange Traded Funds (ETFs), which are a form of investment, extended their loss streak on Monday. This was another day where investors were forced to sell as sentiments remained fragile due to macroeconomic and political uncertainty.
As per data Spot Bitcoin from SoSoValue (BTCBlackRock’s IBIT led the losses, losing $100.65 million. Fidelity’s FBTC and Bitwise’s BITB posted inflows of $9.67 million and $12.05 millions respectively. BlackRock IBIT, which lost $100.65 millions, was the worst-hit ETF. Fidelity FBTC, Bitwise BITB, and Fidelity FBTC all saw inflows between $9.67 and $12.05million.
Total net flow of money inflows. spot Bitcoin ETFs The total assets have fallen to $149.66 billion or approximately 6.76% the market value of Bitcoin.
Spot EtherETHETFs also saw similar patterns, with daily net outflows of $145.68 millions, marking their third consecutive session in the red. BlackRock ETHA experienced the biggest withdrawal, $117.86m, while Fidelity FETH lost $27.82m.
Related: Bitcoin ETFs shed $1.2B in red week, but Schwab remains bullish
“No Kings” Protests sweep across the US
As political tensions in the US grow, so do outflows. As the US shutdown reached its 18th consecutive day on Sunday, there was widespread protests across the country. “No Kings” Demonstrations accused Trump of an authoritarian slide.
Crowds sang from Times Square New York, to Portland and Los Angeles. “Resist Fascism” The following are some examples of how to get started: “We the People Rule,” according A report by Politico.
Bitunix analysts shared a report with Cointelegraph in which they said: “political turmoil is not merely a clash between public sentiment and authority but a stress test of institutional confidence.”
The warnings warned that the impact of the US shutdown could go beyond the liquidity and reach the structural confidence in the US financial system. “The market’s next move may depend on whether the nation’s political institutions can restore consensus amid deep division,” “They said.”
Related: BlackRock launches Bitcoin ETP after UK lifts trading ban
Markets are in a de-risking stage
Vincent Liu is the chief investment officer of Kronos Research. He told Cointelegraph in a statement that ETFs continue to be sold off, reflecting a derisking process. “Investors are locking in profits and sidelining fresh capital; both ETFs are seeing reduced risk appetite and thinner bid depth across the board.”
He said that the political turmoil in the US has intensified the cautious mood. “The erosion of trust in policy stability is pushing capital toward defensive plays,” Liu noted.
Liu anticipates that the volatility of markets will remain high in the future as they wait for a clearer direction from policymakers. “A more defined macro path or easing US political tension could restore confidence, reviving risk appetite and turning ETF flows back to positive,” He said.
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Source: cointelegraph.com
