Reported about 1 month ago
US Bitcoin Exchange-Traded Funds (ETFs) have seen their longest net outflow streak since their launch, with nearly $1.2 billion withdrawn over eight days due to rising economic uncertainties and declining interest in riskier assets. This trend coincides with Bitcoin's struggles, losing around 7% in September, though it has shown slight recovery recently. Analysts suggest that upcoming political events may impact the crypto market further.
Source: YAHOO