Bitcoin, Ethereum ETFs Bleed as Crypto Funds Lose $1.73 Billion, Largest Since November
Bitcoin and Ethereum exchange-traded funds (ETFs) have experienced significant losses as crypto funds saw a decline of $1.73 billion, marking the largest outflow since November. This downturn is attributed to a combination of regulatory uncertainties and market volatility, leading to decreased investor confidence. The outflows reflect a broader trend of declining interest in cryptocurrency investments amid ongoing economic challenges. Analysts suggest that the market may need to stabilize before attracting new capital.
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