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Bitcoin Funds Experience Largest Outflows in Six Weeks
Bitcoin funds traded on American exchanges experienced the largest outflows in six weeks, losing approximately $390 million over the week starting August 10th, following a previous week that saw inflows of $853.5 million. This decline was driven by ongoing concerns over rising interest rates, delays in U.S. legislation related to the digital asset market, and security worries that have led to increased reliance on regulated financial tools instead of self-custody. Despite price fluctuations around the $63,400 level, investor sentiment remains cautious, with expectations of downward pressure on digital currency prices if outflows continue.
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