Bitcoin ETFs shed over $635M in a day as oil price spike hits risk appetite
AI summary
Bitcoin ETFs saw over $635 million in outflows in a single day on Thursday, reversing the buying trend seen earlier in the week. The shift followed a spike in oil prices, which appears to have soured risk appetite across markets. Traders watch ETF flows as a proxy for institutional demand, so a one-day reversal of this size signals caution on bitcoin near-term.
