"Bitcoin ETFs and Crypto Funds Experience $1 Billion Outflow Amid Investor Hesitancy"
TL;DR Summary
Investors pulled nearly $1 billion from crypto investment products last week due to hesitancy, with Bitcoin's price dip leading to record net outflows of $942 million. Most of the focus was on Bitcoin, with significant outflows from Grayscale's newly converted ETF, as well as other Bitcoin ETFs. Additionally, crypto funds in Europe giving exposure to altcoins also experienced significant outflows. Despite the recent outflows, Bitcoin's price currently stands at $70,644, up 7.5% in the past 24 hours but still below the new all-time high of $73,737 it touched earlier this month.
- Bitcoin ETFs, Crypto Funds Lost Nearly $1 Billion Last Week Due to Investor 'Hesitancy' Decrypt
- Outflows from Grayscale bitcoin ETF hit $1.9 billion in single week Yahoo Finance
- GBTC outflows meet 'incredible demand' ― 5 things to know in Bitcoin this week Cointelegraph
- Bitcoin ETF snapshot: Net outflow run hits five days for the first time Blockworks
- Grayscale’s Bitcoin Selling Pressure Expected to Diminish Within 3 Months at Current Rate AMBCrypto English
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