📉 Bitcoin ETFs are seeing a wave of withdrawals, with over $500M pulled out in the past week alone. This has put a dent in BTC's price, which has a strong correlation with ETF flows.

📈 These ETFs have been a hot ticket for investors since their approval by the SEC in mid-January. They saw a positive streak from late May to early June, but recent economic uncertainty has turned the tide.

💰 The past week saw only withdrawals, nearly $550M according to FarSide. Fidelity's FBTC saw the most, even surpassing Grayscale's GBTC.

📊 BTC's price has been on a rollercoaster, hitting a five-week low of $63,300. It's currently down 3% on the week, with a market cap of $1.265 trillion.

What's your take on these developments? Are you holding onto your BTC or following the withdrawal trend? Let's chat below! 👇 #Bitcoin #ETF #CryptoNews