Even with bitcoin pushing over the $60,000 mark, outflows from bitcoin ETFs are continuing. According to data from CoinGlass, net ETF outflows actually rose from the prior day yesterday, up to $296 million from $222.6 million previously. But sentiment is turning warmer for bitcoin and cryptocurrencies in general as 3Q begins. CoinMarketCap's "Fear and Greed Index" poked out from "extreme fear", rising to a reading of 22 out-of 100, which is in "fear" territory. "The first two days of 3Q tell a different story," says CoinMarketCap in a separate note. Bitcoin is up 2.5% to $61,592, ethereum rises 5.1% to $1,699, XRP climbs 3.1% to $1.09, and solana advances 4.3% to $80.65. (kirk.maltais@wsj.com)
Dow Jones Newswires
Bitcoin Rising, But ETF Outflows Continue — Market Talk
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Even with bitcoin pushing over the $60,000 mark, outflows from bitcoin ETFs are continuing. According to data from CoinGlass, net ETF outflows actually rose from the prior day yesterday, up to $296 million from $222.6 million previously. But sentiment is turning warmer for bitcoin and cryptocurrenc…