$1.22 Billion Exits Spot Bitcoin and Ethereum ETFs in a Single Week
US-listed crypto funds posted some of their heaviest weekly withdrawals this year, while XRP-linked products reportedly held steady.
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What is a spot Bitcoin ETF?
A fund that holds bitcoin directly and trades on a stock exchange, so an investor gets exposure through a normal brokerage account instead of holding coins themselves. Because the fund must buy or sell bitcoin as shares are created or redeemed, its daily flows are a readable proxy for institutional demand.
Bitcoin News →What is DeFi?
Financial services - lending, trading, derivatives - run by smart contracts on a public blockchain rather than by a firm. There is no counterparty to call if it fails, which is both the point and the risk.
DeFi News →What is open interest?
The total value of derivative contracts still open. Rising open interest with a rising price means new money is entering long; rising open interest with a falling price means the opposite, and both usually end in the same place.
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