Bitcoin and Ether ETFs Bleed Millions Amid Wider Market Downturn
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Investors pulled hundreds of millions from crypto ETFs on Friday. The development coincided with a wider market downturn. Bitcoin and Ethereum traded below key support levels. On Friday, investors pulled hundreds of millions from spot Bitcoin and Ether exchange-traded funds (ETFs) amid a wider market downturn that saw BTC’s attempt to break out of the $65,000 resistance level quickly snuffed out. Bitcoin tumbled from a daily high of $65,382 on August 2 to $62,581 in under two hours alongside a major slump in equity markets, driven by a weak July U.S. jobs report. Smaller cryptos plunged more, with ETH,
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