Bitcoin (BTC) investment products saw a whopping $630 million outflow last week, making it a total of $1.1 billion over the past 14 days. 📉 CoinShares attributes this to institutions and long-term investors reducing their exposure to Bitcoin ETFs, given the unlikely interest cuts by the US Federal Reserve in 2024. Trading volumes have also dipped to $13.6 billion, the lowest since the launch of US Bitcoin ETFs in January. Meanwhile, Bitcoin's price continues to trend lower, dropping 6.5% over the last week. The last time BTC traded around this level was over six weeks ago. So, buckle up folks, it's a bumpy ride!