Bitcoin ETFs Just Saw Nearly $1B Pulled in a Day as Bitcoin Slips Below $80,000
U.S.-listed spot bitcoin and ether ETFs experienced outflows approaching $1 billion on Thursday. Investors withdrew $817.9 million from bitcoin funds and $155.6 million from ether funds, according to data. https://ca.finance.yahoo.com/news/u-listed-bitcoin-ether-etfs-093708097.html Spot ETFs, which directly hold bitcoin or ether and trade like regular shares, have played a crucial role linking crypto with traditional investment portfolios. The sharp wave of redemptions is significant, given that much of the market’s narrative around “institutional demand” has relied on consistent ETF purchases.