US $BTC ETFs Bleed $1.2 Billion in Longest Run of Net Outflows - Bloomberg đČ
đŒ Investors pulled cash from the funds for eight straight days
đŒ Anxiety in global markets is spilling over into digital assets
U.S. bitcoin exchange traded funds saw their longest daily net outflows since listing earlier this year, part of a broader retreat from risky assets during a difficult period for global markets.
Investors withdrew a total of nearly $1.2 billion from the group of 12 ETFs in the eight days through Sept. 6, according to data compiled by Bloomberg. The drop came amid a volatile period for stocks and commodities, driven by concerns about economic growth
