Morning Minute: Hedge Funds Left the BTC ETF Trade and Sovereign Wealth Stepped In
Hedge funds reportedly reduced their positions in bitcoin ETFs while sovereign wealth funds moved in, according to Decrypt's morning briefing. The article notes that the funds have recently turned positive for the month after more than $400 million in weekly inflows. BTC was $80,113 when the story was published, and since then it is down 0.9%.
Source: Decrypt · Written by Blockdeck from public reports and live market datamarket_reactionBTC/USD around the story−2.70% since the news
Price at the news$80,112.84
First hour after+0.24%
Since the news−2.70%
Volume that hour0.8× normal
Headline and excerpt credited to Decrypt. Prices on this page are live, not from the time of the story. Not financial advice.