US spot-Bitcoin exchange-traded funds suffered their largest daily outflow as the digital token heads for its worst week since August 2023. Investors pulled a net $564 million from the batch of almost a dozen funds on Wednesday, the biggest drawdown since the products debuted in January. The prospect of higher-for-longer interest rates has hurt risky assets like crypto. The ETFs from the likes of BlackRock Inc. and Fidelity Investments were earlier part of an historically successful launch for a new fund category. Money poured in, lifting Bitcoin to an all-time peak of almost $74,000 in March. The group still has a ... (full story)