PANews reported on November 21st that, according to Walter Bloomberg, Saxo Bank strategists stated that the cryptocurrency sell-off is accelerating due to nearly $900 million in outflows from spot Bitcoin ETFs, with the iShares Bitcoin Trust experiencing the most significant outflows. The iShares Ethereum ETF also continues to show weakness. Uncertainty surrounding Federal Reserve policy, mixed US employment data, and reduced market liquidity have further exacerbated the selling pressure in the crypto market.PANews reported on November 21st that, according to Walter Bloomberg, Saxo Bank strategists stated that the cryptocurrency sell-off is accelerating due to nearly $900 million in outflows from spot Bitcoin ETFs, with the iShares Bitcoin Trust experiencing the most significant outflows. The iShares Ethereum ETF also continues to show weakness. Uncertainty surrounding Federal Reserve policy, mixed US employment data, and reduced market liquidity have further exacerbated the selling pressure in the crypto market.
Saxo Bank: Cryptocurrency sell-off intensifies as ETF outflows surge.
PANews reported on November 21st that, according to Walter Bloomberg, Saxo Bank strategists stated that the cryptocurrency sell-off is accelerating due to nearly $900 million in outflows from spot Bitcoin ETFs, with the iShares Bitcoin Trust experiencing the most significant outflows. The iShares Ethereum ETF also continues to show weakness. Uncertainty surrounding Federal Reserve policy, mixed US employment data, and reduced market liquidity have further exacerbated the selling pressure in the crypto market.
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