Investor optimism for what was thought to be impending approval for a spot Bitcoin ETF may be running out as weekly outflows compile.
Ethereum products didn’t fare much better given its market share. Ether funds saw $9 million in outflows, while Polygon, Litecoin and Polkadot also saw outflows totaling a combined $2 million.
Switzerland and Australia managed to report the only inflows, with the Swiss market supporting $3.5 million worth of inflows and Australia seeing $100,000.by a lack of movement from the Securities and Exchange Commission toward approving a spot Bitcoin ETF:
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