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Bitcoin ETFs Plummet: Investors Withdraw Billions from Crypto Funds
The Bitcoin ETFs hype that has attracted the interest of many investors over the past few years is currently showing signs of declining. Last week, crypto funds experienced their largest capital outflow in months, indicating declining investor confidence in the asset class. In total, $726 million was withdrawn from crypto funds, with Bitcoin ETFs accounting for the largest share of these losses. Causes of capital outflow A large portion of the capital outflow was recorded in the US, where uncertainty regarding the regulatory framework and market volatility led to falling investor demand. Bitcoin ETFs in particular ... (full story)
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- Posted: Sep 11, 2024 3:03am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 154
