The post ETF Outflows Reflect Short-Term Downturn, Not Weak BTC Demand: Analysts appeared on BitcoinEthereumNews.com. The record outflows from Bitcoin exchange-traded funds (ETFs) represent short-term, “tactical” rebalancing rather than institutional flight from BTC, according to analysts at crypto exchange Bitfinex. Long-term Bitcoin (BTC) holders taking profit and selling their coins, and highly-leveraged positions flushing out of the markets, are the root causes of the billions of dollars in ETF outflows and the broader market crash, Bitfinex analysts said. The uncertainty of a December interest rate cut has also shifted investors to a risk-off outlook, Bitfinex said. “This does not derail the longer-term move towards institutionalization. The spot ETF channel remains intact, and the outflow likely reflects tactical rebalancing rather than a wholesale exit from the asset class.” Bitcoin ETF flows for November. Source: Farside Investors Bitfinex said the structural thesis for Bitcoin remains “firm,” and that Bitcoin is positioned for continued institutional adoption as a store-of-value asset with strong long-term fundamentals. The ongoing drawdown is a short-term price movement, they added. Related: BlackRock leads near $3B Bitcoin November ETF exodus with record $523M outflows Bitcoin ETFs bleed billions of dollars and post record outflows as market panic deepens Bitcoin ETF outflows have topped $3.7 billion in November, as losses from October’s crypto market crash extended into the month, sparking investor fears of the beginning of a bear market. The majority of the crypto market continues to bleed well into the month of November. Source: TradingView BlackRock’s iShares Bitcoin Trust (IBIT) ETF led the outflows, with over $2.47 billion in redemptions so far in November. The Bitcoin ETFs posted some of the worst daily outflows on record in November. Single-day outflows crossed $900 million on Thursday, according to Farside Investors. The average ETF investor is now underwater following BTC’s crash below $90,000. However, this does not mean that ETF investors will panic sell, Vincent Liu, chief… The post ETF Outflows Reflect Short-Term Downturn, Not Weak BTC Demand: Analysts appeared on BitcoinEthereumNews.com. The record outflows from Bitcoin exchange-traded funds (ETFs) represent short-term, “tactical” rebalancing rather than institutional flight from BTC, according to analysts at crypto exchange Bitfinex. Long-term Bitcoin (BTC) holders taking profit and selling their coins, and highly-leveraged positions flushing out of the markets, are the root causes of the billions of dollars in ETF outflows and the broader market crash, Bitfinex analysts said. The uncertainty of a December interest rate cut has also shifted investors to a risk-off outlook, Bitfinex said. “This does not derail the longer-term move towards institutionalization. The spot ETF channel remains intact, and the outflow likely reflects tactical rebalancing rather than a wholesale exit from the asset class.” Bitcoin ETF flows for November. Source: Farside Investors Bitfinex said the structural thesis for Bitcoin remains “firm,” and that Bitcoin is positioned for continued institutional adoption as a store-of-value asset with strong long-term fundamentals. The ongoing drawdown is a short-term price movement, they added. Related: BlackRock leads near $3B Bitcoin November ETF exodus with record $523M outflows Bitcoin ETFs bleed billions of dollars and post record outflows as market panic deepens Bitcoin ETF outflows have topped $3.7 billion in November, as losses from October’s crypto market crash extended into the month, sparking investor fears of the beginning of a bear market. The majority of the crypto market continues to bleed well into the month of November. Source: TradingView BlackRock’s iShares Bitcoin Trust (IBIT) ETF led the outflows, with over $2.47 billion in redemptions so far in November. The Bitcoin ETFs posted some of the worst daily outflows on record in November. Single-day outflows crossed $900 million on Thursday, according to Farside Investors. The average ETF investor is now underwater following BTC’s crash below $90,000. However, this does not mean that ETF investors will panic sell, Vincent Liu, chief…