Bitcoin ETFs Shed $410M Amid BTC's Ongoing Slump

Bitcoin exchange-traded funds (ETFs) have experienced a significant outflow of $410 million as Bitcoin's price continues to decline. This trend reflects growing investor concerns over the cryptocurrency's volatility and regulatory uncertainties. The outflows mark the largest weekly decline for Bitcoin ETFs since June 2022. Despite the downturn, some analysts believe that the long-term outlook for Bitcoin remains positive, citing potential future adoption and market recovery. Overall, the current slump has raised questions about the sustainability of Bitcoin's recent gains.

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