**Bitcoin ETFs See Major Outflows Amid Price Drop**

In recent news, U.S. Bitcoin exchange-traded funds (ETFs) experienced a significant net outflow of $1.2 billion over eight days, from August 30 to September 6. This marks the longest outflow streak since these ETFs were listed in January.

Bitcoin's price struggled during this period, plummeting from $64,668 on August 26 to $53,491 by September 7, a 17.28% drop. Analysts note that September, often dubbed "Rektember," historically sees poor performance for BTC.

Despite the outflows, crypto remains dominant in the ETF space. In 2024, the top four ETF launches were all spot Bitcoin ETFs, including offerings from BlackRock and Fidelity. Financial adviser Suze Orman remains optimistic, suggesting that younger investors could drive future BTC price increases.