Crypto

US Bitcoin ETFs Suffer $1.28 Billion Outflow Amid Market Pullback

Spot Bitcoin ETFs in the US logged $1.28 billion in weekly net outflows, the largest drop since late June.

BlackRock's IBIT accounted for $1.21 billion of the weekly withdrawals across six consecutive negative sessions.

Fidelity's FBTC managed about $93 million in net inflows despite shedding nearly $200 million on Thursday.

Bitcoin fell to $74,049 amid tech-stock weakness, midterm uncertainty, and Binance's $6.3 billion hack fallout.

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