Bitcoin ETFs Bleed $168 Million Amid Market Shakeup

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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