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Bitcoin ETFs See $1.26B Outflow, Price Drops
Description
Bitcoin spot exchange-traded funds experienced a significant outflow of $635 million on Wednesday, marking the largest single-day drop since late January. This trend has continued over the past five trading days, resulting in a total loss of $1.26 billion and reducing net inflows since their debut in January 2024 to $58.5 billion. The correlation between ETF money flows and bitcoins price has weakened, suggesting that bitcoin may face further pressure unless broader conditions improve.
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