Bitcoin Tops $66,000, Ethereum, XRP Consolidate Gains As ETF Demand Turns ‘Crypto Winter’ Into Buying Opportunity

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Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL) have started the week higher as easing geopolitical tensions helped revive risk appetite.

Industry experts argue that recent crypto ETF outflows reflect a maturing market rather than fading interest in digital assets.

A Different ‘Crypto Winter

Speaking on CNBC’s ETF Edge on June 16, CoinDesk Indices President David LaValle noted that the recent selloff and roughly $3 billion in outflows from Bitcoin exchange-traded products have led some investors to question the future of crypto.

However, he argued that ETF flows are behaving similarly to those seen in traditional asset classes. “They are serving both buy-and-hold investors and institutional holders.”

LaValle described the current downturn as a different …

Full story available on Benzinga.com

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