💥 $1.2 Billion Outflow from Bitcoin ETFs!

Bitcoin ETFs in the US have experienced a serious decline recently. In a short period of eight days, these funds saw a total net outflow of $1.2 billion.

These outflows represent the longest withdrawal period since their launch in early 2024. According to Bloomberg data, investors withdrew large amounts of money from 12 spot Bitcoin ETFs listed in the US in late August and early September. This pullback coincides with the decline in Bitcoin prices.

Since ETFs are still considered new, this situation can be considered normal in the #Bitcoin declines. We will see many declines and exits in a long process when people will fully adapt, but when we look at it in the long term, it is not difficult to predict that there will be more returns...