The cryptocurrency market remains fixated on spot bitcoin (BTC) exchange-traded fund (ETF) flows rather than fundamentals, as the recently approved products saw their first week of net outflows in two months, Coinbase (COIN) said in a research report on Friday.
One source of potential selling pressure that has been expected is from the bankruptcy estate of Genesis Global, amounting to the sale of 35.9 million GBTC shares, Coinbase said.
[
add
]
[
|
|
...
]