Reported about 4 hours ago
On February 26, 2025, Bitcoin exchange-traded funds (ETFs) faced a record outflow of over $1 billion, the highest since their launch in January. This decline has been attributed to falling Bitcoin prices and investors moving away from riskier assets amidst market uncertainty. Various ETFs, including the Fidelity Wise Origin Bitcoin Fund and the iShares Bitcoin Trust, saw significant withdrawals as hedge funds re-evaluated trading strategies. The market downturn impacts not just Bitcoin but also other cryptocurrencies, with predictions suggestive of further declines.
Source: YAHOO