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Bitcoin ETFs See $1.16 Billion in Outflows as Bitwise Describes Selling as Short-Term
(3 hours ago) · 1 source · Summarized by CryptoBipto
Bitcoin exchange-traded funds experienced $1.16 billion in net outflows. Bitwise, a crypto asset management firm, characterized the selling activity as short-term in nature. The outflows represent one of the larger withdrawal periods for Bitcoin ETFs.
WHY IT MATTERS
A Bitcoin ETF is like a wrapper that lets people invest in Bitcoin through a regular brokerage account, similar to buying a stock.
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SOURCES
- cointelegraph.com
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BTCBitcoin ETFsFund OutflowsInstitutional InvestmentBitwise