Citi Reportedly Continues Selling Bitcoin ETFs to Clients Amid Outflows
(6 hours ago) · 1 source · Summarized by CryptoBipto
Citigroup has reportedly been selling Bitcoin ETFs to its clients even as the broader Bitcoin ETF market has experienced approximately $1 billion in outflows. The bank's continued engagement with these products suggests institutional interest persists despite recent fund withdrawals.
WHY IT MATTERS
A Bitcoin ETF is a fund that trades on a traditional stock exchange and tracks the price of Bitcoin, allowing people to invest in Bitcoin through their regular brokerage accounts without having to buy or store Bitcoin directly.
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SOURCES
- beincrypto.com
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