Bitcoin ETFs Bleed $168 Million Amid Market Shakeup
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Bitcoin ETFs have recorded significant outflows. The underperformance is tied to the recent crypto market trends. The crypto market is slowly recovering. The recent crypto market shakeup triggered a significant asset decline, including Bitcoin, which fell nearly 14% below the $50,000 mark. The dramatic plunge ignited a frenzy across the market, resulting in significant liquidations and concerns of lost recovery hopes. Adding fuel to the future, the negative sentiment has extended to spot Bitcoin exchange-traded funds. Bitcoin ETFs Lose Funds The crypto market crash on Monday, August 5, 2024, triggered a net outflow of $168 million from Bitcoin ETFs.
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