[Coin World] According to reports, on August 31, Bitcoin and gold ETFs have deviated from their historical trends this month. Unlike the usual opposing trends, the fund flows of Bitcoin and gold funds have experienced synchronized outflows. Data shows that Bitcoin ETFs have seen outflows for six consecutive days, with nearly 2 billion dollars flowing out in late August alone. Meanwhile, major gold ETFs such as GLDM have also experienced significant outflows, with 449 million dollars flowing out in just one week. This rare phenomenon of synchronized fund outflows reflects the current macroeconomic environment and the changing investor sentiment. Specifically, the outflows of Bitcoin have not benefited gold, and both assets will face pressure until the Fed clarifies its policy path.
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AirdropATM
· 08-31 03:10
The rich have all done a Rug Pull.
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PaperHandSister
· 08-31 03:10
Take a break, play people for suckers and then run away.
Bitcoin and gold ETF funds are flowing out simultaneously against the trend, reflecting changes in investor sentiment.
[Coin World] According to reports, on August 31, Bitcoin and gold ETFs have deviated from their historical trends this month. Unlike the usual opposing trends, the fund flows of Bitcoin and gold funds have experienced synchronized outflows. Data shows that Bitcoin ETFs have seen outflows for six consecutive days, with nearly 2 billion dollars flowing out in late August alone. Meanwhile, major gold ETFs such as GLDM have also experienced significant outflows, with 449 million dollars flowing out in just one week. This rare phenomenon of synchronized fund outflows reflects the current macroeconomic environment and the changing investor sentiment. Specifically, the outflows of Bitcoin have not benefited gold, and both assets will face pressure until the Fed clarifies its policy path.