UBS Declares "Crypto Is Not an Asset" Amidst Bitcoin Whales and ETF Pullback
ByAinvest
Friday, Feb 6, 2026 11:27 pm ET1min read
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UBS has declared "crypto is not an asset," as Bitcoin whales and ETF investors begin pulling capital from the market. Bitcoin is down 50% from its October highs, and institutional approval, usually a market stabilizer, is lacking. Whale wallets are net sellers, and spot Bitcoin ETF outflows have reached record levels, suggesting "tourism" money is drying up.
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