The article discusses how the Securities and Exchange Commission’s (SEC) disappointing decisions regarding Bitcoin exchange-traded funds (ETFs) are being blamed for a recent Bitcoin selloff. The article also mentions the significant selling of Bitcoin by institutions in Canada and Germany, with Switzerland being the only exception with inflows. The data provided by CoinShares aligns with the flash crash in crypto prices that occurred last week. The article concludes by promoting a newsletter that provides news and resources about Web3.
AI Sentiment: Negative