"Bitcoin ETFs and Crypto Funds Experience $1 Billion Outflow Amid Investor Hesitancy"
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.