Saxo Bank: As ETF fund outflows surge, the cryptocurrency sell-off intensifies

According to market news, Saxo Bank strategists say that due to nearly $900 million in fund flows out of spot Bitcoin ETFs, the cryptocurrency sell-off is accelerating, with the iShares Bitcoin Trust experiencing the most severe outflows. The performance of the iShares Ethereum ETF also remains weak. The uncertainty of Federal Reserve policies, mixed U.S. employment data, and reduced market liquidity have further intensified the selling pressure in the crypto market.