Bitcoin ETFs are now down over $1.5 billion in net outflows for the year
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U.S. spot bitcoin ETFs have swung to more than $1.5 billion in net outflows year-to-date, erasing earlier inflows as redemptions accelerated. The reversal coincided with bitcoin falling below $70,000 on Friday, its lowest level since August. The sustained ETF withdrawals point to weakening institutional demand and help explain the recent market selloff. Traders will watch whether daily outflow figures stabilize and whether bitcoin can reclaim the $70,000 level.
Muhabbit's AI wrote this summary in its own words from CoinDesk's report. It can get details wrong, so check the source.
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Bitcoin ETFs, Bitcoin (BTC)
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