🔽 #Bitcoin ETF Sees $1.2 Billion Outflow

On September 9, Bloomberg data showed that investors withdrew about $1.2 billion from 11 spot Bitcoin ETFs between August 30 and September 6, the longest outflow since the ETFs launched on January 10.

🟠 During this time, the price of Bitcoin fell from a high of $64,668 on August 26 to a low of $53,491.

September 7, a 17.28% drop in just two weeks. This is the reason why Bitcoin has been falling lately, but just yesterday the ETF received an inflow of $28 million.