Bitcoin ETFs See $1.3 Billion Weekly Outflows, Largest Since June
U.S. spot Bitcoin ETFs (exchange-traded funds) recorded $1.28 billion in net outflows last week, marking their largest weekly withdrawals since late June. The heavy redemptions pushed year-to-date net outflows for the funds to approximately $919 million, according to data. This followed $515 million in net outflows during October, extending a period of sustained investor caution. […]
Key Takeaways
- spot Bitcoin ETFs (exchange-traded funds) recorded $1.28 billion in net outflows last week, marking their largest weekly withdrawals since late June.
- The heavy redemptions pushed year-to-date net outflows for the funds to approximately $919 million, according to data.
- This followed $515 million in net outflows during October, extending a period of sustained investor caution.
Summary generated by IndiCrypto from Bitcoinist. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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