Bitcoin ETFs Suffer $168 Million Hemorrhage Amid Market Mayhem

Following a dramatic 10% drop in the price of Bitcoin, which momentarily settled below $50,000 before recovering to about $54,000, Bitcoin exchange-traded funds (ETFs) suffered large outflows on Tuesday, totaling almost $168 million. This is the second straight day of significant withdrawals, resulting in $405 million in weekly total outflows. Related Reading: Crypto Market Recovery

Source: Bitcoinist