Bitcoin ETF Outflows Surge Over $500M, Driving BTC Price to 5-Week Low

This past week has seen significant US-based spot Bitcoin ETF withdrawals, amounting to over $500 million despite a shortened trading week. Such occurrences have had a detrimental impact on Bitcoin’s price trajectory, which is highly sensitive to ETF movements. One noteworthy development is that even major funds like Fidelity’s FBTC and Grayscale’s GBTC are experiencing

Source: CoinOtag