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Bitcoin ETF Streak Snapped: $358M Flees in Single Day—Wall Street ’Risk Management’ at Work

Bitcoin ETF Streak Snapped: $358M Flees in Single Day—Wall Street ’Risk Management’ at Work

Coindesk
Author:
Coindesk
Release Time:
2025-05-30 15:36:30
0

Spot Bitcoin ETFs Broke 10-Day Inflow Streak With $358M of Outflows Thursday: JPMorgan

After 10 straight days of bullish inflows, spot Bitcoin ETFs just got gut-punched. JPMorgan reports a $358 million exodus on Thursday—proof even crypto’s hottest trade isn’t immune to profit-taking (or institutional skittishness).

Was it macroeconomic jitters? Overleveraged whales bailing? Or just another case of hedge funds playing hot potato with retail money? Either way, the dip-buyers are licking their chops.

Funny how Wall Street’s ’diversification’ sermons vanish the second volatility rears its head. Next stop: the usual chorus of ’maturity’ and ’regulation’ demands from the same suits who just panic-sold.

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