Reported about 14 hours ago
Investors are pulling back from bitcoin ETFs, which saw $2.7 billion in net outflows as Bitcoin's price underwent its largest correction since 2022, dropping 28% from its all-time high. Following a surge in demand upon their launch in 2024, the popularity of these investment products has waned as uncertainties surrounding the crypto market mount. Although sell-offs have slowed recently, the looming volatility may persist, as analysts predict potential further dips in Bitcoin's value.
Source: YAHOO