Crypto ETFs

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Illustration of Bitcoin price falling below 82000 due to rising treasury yields
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Bitcoin falls below $82,000 as treasury yields surge

Riportato dall'IA Immagine generata dall'IA

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.

Riportato dall'IA

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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