Introduction to negative flows: US Spot Bitcoin ETFs have experienced negative flows recently. After recording a record inflow of 3 billion USD, these funds unexpectedly faced a significant downturn. Bitwise BITB led in withdrawals, with 280 million USD leaving the fund.
Ethereum ETFs performance: While Bitcoin funds struggle, Ethereum ETFs show different trends. They recorded inflows, albeit not considerable. Bitwise ETHW, Fidelity FETH, and VanEck ETHV attracted new funds on November 25, indicating growing investor interest in ETH.
Analysis from Anthony Pompliano: Despite current challenges, investors remain interested in Bitcoin. Anthony Pompliano highlights that large institutions are monitoring Bitcoin’s development, viewing it as part of a global financial revolution. There is tremendous growth potential if Bitcoin hits the 2 trillion USD market cap milestone.
Upcoming market predictions: Experts predict that the crypto market might undergo a mild correction before recovering. There is enough liquidity around the nearly 100,000 USD price levels to support a new growth wave. Despite facing short-term squeezes, Bitcoin may break through to new all-time highs soon.