10x Research: Bitcoin spot ETFs have seen net outflows of $320 million so far in August, second only to outflows in April

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ODAILY
08-19
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Odaily Odaily News 10x Research said in its latest analysis that cryptocurrencies still have profit potential, but traditional buy-and-hold strategies are no longer working. As of August, Bitcoin ETF flow records have reached the eighth month. August will be the second worst month so far, with an outflow of $320 million, second only to April's $345 million. Despite strong inflows of $2.1 billion and $3.2 billion in May and July, respectively, these inflows have proven to be unsustainable. As Bitcoin waits for a more important macroeconomic catalyst, ETF flows have failed to ignite bullish sentiment. Other segments of the crypto market are facing billions of dollars in potential outflows.

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