Bitcoin slipped below $112,000 on Thursday despite $241 million in spot BTC inflows amid jitters over further Federal Reserve rate cuts.
Global crypto asset products notched a third week of positive net flows, as bitcoin and ether funds benefitted from strong investor sentiment.
The Bitcoin ETFs appear to be struggling as asset managers race to gain approval for altcoin ETFs, such as Dogecoin, Axelar, and Polkadot.
BlackRock's IBIT, the largest such fund, notably continued its outflow streak, shedding over $1.1 billion over the course of last week.