Bitcoin ETFs Experience $1.62B Outflow Amid Hedge Fund Retreat
U.S. spot Bitcoin ETFs have experienced a four-day outflow streak, shedding $1.62 billion. According to reports, this downturn is attributed to fading basis trade yields and macroeconomic jitters, leading to a retreat by hedge funds. The development highlights the sensitivity of Bitcoin ETFs to broader market conditions and the strategies employed by institutional investors.
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