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$580M Bitcoin ETF outflows raises red flags

  • The Fidelity Wise Origin Bitcoin Fund (FBTC) saw the highest outflows at $169 million.
  • ARK's 21Shares Bitcoin ETF (ARKB) reported outflows of $138 million.
  • Grayscale's Bitcoin Mini Trust (BTC) and Bitwise Bitcoin ETF (BITB) lost $89.5 million and $79.8 million worth of outflows respectively.
  • Bitcoin and Ethereum ETFs experienced significant outflows, indicating a shift in investor behavior influenced by recent price dips.

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