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Gold ETFs See Massive Outflows Since Spot Bitcoin ETF Launch

Gold ETFs See Massive Outflows Since Spot Bitcoin ETF Launch

2024/02/15 23:02

Gold ETFs have seen massive outflows since the launch of 10 spot bitcoin ETFs on 11 January. Bitcoin ETFs have seen huge inflows, with the two largest ETFs open for just over a month and approaching $10 billion in assets under management. At this point in time this doesn't necessarily mean that money is leaving gold in favour of bitcoin.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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$247 million liquidated across the entire network in the past 12 hours, mainly short positions.

A certain whale deposited $4 million USDC into HyperLiquid to avoid liquidation of their ETH short position, with total losses reaching $26 million.

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