BTC ETFs lose $635 million in a single day. What next?
A key tailwind that supposedly powered bitcoin’s recent rise above $80,000 appears to be fading. The 11 U.S.-listed spot bitcoin exchange-traded funds (ETFs), which pulled in $3.29 billion in investor money through March and April, are now leaking funds. And sizeable ones at that. On Wednesday, investors yanked $635 million from these funds, the highest...
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