Reported about 13 hours ago
Spot Bitcoin exchange-traded funds (ETFs) faced unprecedented outflows this week, shedding over $1 billion in just 24 hours, marking their worst performance since launch. According to CoinGlass, this dramatic drop follows a six-day decline totaling more than $2 billion in losses, fueled by investor uncertainty amid economic challenges. The downturn reflects a broader crypto selloff, including significant factors like price drops in Bitcoin and controversies surrounding meme coins and a major crypto exchange hack.
Source: YAHOO