ETF Bloodbath! Bitcoin Lost $706M in a Week, Ether Drained By $91M

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Bitcoin (BTC) and Ethereum (ETH) linked exchange-traded funds (ETF) outflows are hitting the roof posing a direct impact on the digital assets market.

BTC ETFs saw a massive $170 million withdrawal on September 6, dragging the cumulative weekly outflow toll to $706 million. Ether ETFs are not safe either, as they saw outflows of more than $91 million in the same period.

Rising market volatility and global economic uncertainty, like higher interest rate expectations, have pushed even seasoned investors to rethink their positions. Bitcoin price has dropped by over 5% in the last 7 days to hover around the $55,000 mark.

Bitcoin ETFs sheds $706 million

#CPI_BTC_Watch #TON #DOGSONBINANCE #BNBChainMemecoins #TelegramCEO $BTC $SOL $ETH

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