24 Hrs
Source:
الاقتصادية
Bitcoin funds face 6-week outflow
Bitcoin exchange-traded funds (ETFs) recorded their largest weekly outflow since late June, with approximately $389.7 million exiting during the week starting August 10, following the previous week's inflow of $853.5 million. Demand for these funds has weakened amid Bitcoin's price fluctuations around $63,000—about 50% below its October peak—coupled with concerns over rising interest rates and ongoing legislative uncertainties in the United States. Although marginal inflows continued over three weeks, overall investor sentiment remains cautious, with confidence declining after a breach in "Cold Card" wallets raised security concerns regarding digital asset safekeeping.
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