BTC Price Faces Pressure Amid $621M Outflows from Bitcoin ETFs Last Week

As the Federal Reserve adopts a more hawkish stance on future rate cuts, Bitcoin encounters selling pressure amidst significant outflows from spot Bitcoin ETFs. CoinShares’ latest data underscores substantial outflows from digital asset investment products, surpassing the $600 million mark in the past week. Grayscale’s GBTC ETF saw the largest outflow, registering a staggering $274.3

Source: CoinOtag