US $BTC ETFs Bleed $1.2 Billion in Longest Run of Net Outflows - Bloomberg 💲
🔼 Investors pulled cash from the funds for eight straight days
🔼 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
