World · Market · Global ·
Bitcoin ETFs see first two-day outflow since late July as BTC slides to $63,000
Spot Bitcoin ETFs recorded back-to-back outflows for the first time since late July as Bitcoin dropped to around $63,000, wiping out the previous week's gains amid disappointing US inflation data and rising oil prices that added to inflation concerns.
Why it matters for the crypto market
Persistent Bitcoin ETF outflows signal weakening institutional demand amid macro headwinds from elevated energy costs and yield competition.
Source: CoinDesk
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