finance
Bitcoin ETFs See $1.34 Billion Outflow as Price Falls 6.6 Percent
Investors withdrew $1.34 billion from Bitcoin exchange-traded funds during the week. The cryptocurrency's price declined 6.6 percent and traded near $60,000.
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Investors withdrew $1.34 billion from Bitcoin exchange-traded funds during the most recent week. The cryptocurrency's price fell 6.6 percent and traded near $60,000.
The decline occurred alongside broader selling pressure in digital-asset markets. Trading data showed the price stabilizing around the $60,000 level after the drop.
Fidelity exchange-traded products recorded minimal net movement during the period. The two funds accounted for the largest share of assets under management among Bitcoin ETFs. Data from CryptoMarketCap tracked the weekly outflow total and price change.
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