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Bitcoin ETFs post $296m outflows as investors sideline capital
Spot Bitcoin ETF outflows hit $296.18 million for the week ending Friday, breaking a four-week streak that pumped $2.2 billion into the funds. The reversal marks the sharpest weekly withdrawal since early March, when the products shed $348 million in a single day. The bitcoin ETF outflows accelerated Thursday and Friday with back-to-back withdrawals totalling more than $396 million. Friday alone saw $225.48 million exit, the largest single-day redemption since 3 March. Volume collapsed alongside flows. Weekly turnover fell to $14.26 billion from $25.87 billion earlier in March, according to SoSoValue data. Still, ... (full story)
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