18 August
Investors keep withdrawing funds from Bitcoin ETFs amid global uncertainty
Last week saw mass outflows from Bitcoin and Ethereum ETFs initiated by investors due to the global uneasiness that has been dominating the market recently, U.Today reports.
According to the company, last week investors withdrew about $978 million and $175 million from Bitcoin and Ethereum ETFs, respectively. In total, during this period of time, outflows from cryptocurrency exchange traded funds reached $1.7 billion. Over the past five weeks, they lost $6.4 billion, marking a record for the longest running outflows since 2015. Those losses were mostly attributed to outflows from Bitcoin ETFs (-$5.4 billion over the past five weeks).
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