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US Bitcoin ETFs Bleed $1.2 Billion in Longest Run of Net Outflows
US Bitcoin exchange-traded funds have posted their longest run of daily net outflows since listing at the start of the year, part of a wider retreat from riskier assets in a challenging period for global markets. Investors pulled close to $1.2 billion in total from the group of 12 ETFs over the eight days through Sept. 6, data compiled by Bloomberg show. The drop comes amid a rocky period for shares and commodities on economic growth worries. Mixed US jobs data and deflationary pressure in China are both taking a toll on traders. The uncertainty is buffeting the cryptocurrency market, whose gyrations have become more ... (full story)
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- Posted: Sep 9, 2024 4:02am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 152
