$1.2B
Jack Morse
9/9/24
Investors seem to have turned on bitcoin exchange-traded funds.
The top 12 US bitcoin ETFs have lost nearly $1.2 billion in a massive run of outflows over the eight days leading to September 6. That's according to Bloomberg, which reported that crypto's price movements look to be tracking those of the broader stock market.
Bitcoin ETFs launched in January, and BTC hit a record price of more than $73,000 in March. Ether ETFs launched in July, and the price of ether has slipped about 25% since.
