In a surprising turn of events, U.S.-based Bitcoin exchange-traded funds (ETFs) witnessed a mass exodus of investors, pulling out a whopping $563 million on Wednesday alone. This massive withdrawal comes despite reassurances from Federal Reserve chairman Jerome Powell, who recently ruled out the possibility of an imminent interest rate hike. The unprecedented outflow, the largest since the ETFs launched earlier this year, has left market analysts scratching their heads and cryptocurrency enthusiasts on edge.·
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