Crypto ETFs Experience Massive Outflows, Losing Over $1 Billion in Two Weeks
Bitcoin exchange-traded funds (ETFs) saw net outflows of $85.7 million, with Grayscale's GBTC experiencing the largest outflow of $302.6 million, attributed to high fees and investor hesitancy. This comes after a week of significant inflows into Bitcoin tracking funds, but the recent outflows indicate that the market volatility and investor behavior continue to impact the price of Bitcoin, which has dipped nearly 6% in the last 24 hours to $65,348 per coin.