Cryptocurrency Market Shifts: ETF Outflows and Amdax’s BTC Treasury Bid

Bitcoin’s cryptocurrency market saw significant outflows from exchange-traded funds (ETFs) amounting to $126 million, coinciding with a new €23 million Bitcoin treasury bid launched by Amdax. This move is signaling potential shifts in liquidity dynamics within Europe. 1% of Bitcoin’s supply could be the target for this venture, aiming to counter U.S. strategies and diversify market exposure.