Bitcoin ETF Record Their Worst Weekly Outflows Since June

2h ago•

Cointribune

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The scene illustrates the massive withdrawals of $1.28 billion from Bitcoin ETFs in a single week. In the foreground, a concerned investor hurriedly leaves a financial institution, carrying a bag marked with the Bitcoin symbol. Behind him, several savers adopt the same behavior, symbolizing significant capital outflows. On the right, a gigantic Bitcoin coin and a downward red chart evoke selling pressure on the market. The amount $1,280,000,000 highlights the scale of the withdrawals, while a calendar recalls their concentration over a week. Overall, it reflects growing nervousness and a temporary loss of confidence among institutional investors.

US Bitcoin ETFs recorded $1.28 billion in net withdrawals during the week ending November 6, their worst result since June. This movement not only marks a new phase of distrust. It erases their fragile return to the green and brings their annual net outflow to $914.1 million.

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2h ago•

Cointribune

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