Reported 3 days ago
This week, Bitcoin ETFs experienced significant outflows totaling $536 million, reflecting rising investor caution amid geopolitical and macroeconomic uncertainties. The SEC Chair Paul Atkins acknowledged that the U.S. is lagging in crypto innovation and outlined plans to revitalize the sector, suggesting that startups should receive exemptions for testing blockchain products. These developments come against a backdrop of market caution, with Bitcoin trading down 6.1% and total crypto market capitalization decreasing to $4.1 trillion.
Source: YAHOO