On Monday, the Crypto Fear & Greed Sentiment Index hit 47, marking its first “Neutral” reading in three months.
According to Farside, the Fidelity Wise Origin Bitcoin Fund (FBTC) was the main culprit on Monday, losing $150 million.
On Monday, when Bitcoin fell below $77,000, exchange-traded funds (ETFs) listed in the United States had their first net outflow in nine sessions.
The first net outflow of $263 million from Bitcoin ETFs since mid-April occurred on Monday, according to statistics from SoSoValue. Spot ETFs received $2.1 billion in inflows since April 13, when Bitcoin’s price increased by almost 10%, according to CoinGecko. The losses followed this success.
Inflow Streak Ends
On Monday, the Crypto Fear & Greed Sentiment Index hit 47, marking its first “Neutral” reading in three months, coinciding with Bitcoin’s upswing. On Tuesday, however, the index reverted to “Fear” since Bitcoin’s rise failed to sustain beyond $80,000. According to
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