Crypto ETFs

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Illustration of Bitcoin price falling below 82000 due to rising treasury yields
Bild generiert von KI

Bitcoin falls below $82,000 as treasury yields surge

Von KI berichtet Bild generiert von KI

Bitcoin traded at $79,083 on May 15, down more than 3 percent after failing to hold above $82,000 resistance. Rising US Treasury yields are drawing institutional capital away from the cryptocurrency and into government debt.

Institutional investors pulled nearly $2.7 billion from spot Bitcoin and Ethereum exchange-traded funds over the past two weeks. The outflows coincided with inflows into newer single-asset funds tracking Hyperliquid’s HYPE token, XRP, and Solana.

Von KI berichtet

Goldman Sachs exited its positions in XRP and Solana ETFs during the first quarter while reducing holdings in Bitcoin and Ether funds.

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