Bitcoin exchange-traded funds (ETFs) saw nearly $370 million worth of net outflows on March 7 as investors reacted to President Donald Trump’s plan for a US strategic Bitcoin reserve, according to data from Farside Investors.
The data-ct-non-breakable=”null” href=”https://farside.co.uk/btc/” rel=”nofollow noopener” target=”_blank” text=”null” title=”https://farside.co.uk/btc/”>outflows indicate institutional investors are wary of Bitcoin ( data-ct-non-breakable=”null” href=”https://cointelegraph.com/bitcoin-price” rel=”null” target=”null” text=”null” title=”https://cointelegraph.com/bitcoin-price”>BTC) exposure after Trump’s March 6 executive order — which created a national Bitcoin reserve but didn’t instruct the government to buy Bitcoin — disappointed traders.
“While [Trump’s executive order] acknowledges crypto’s role in global…
