CRYPTOCURRENCY: Spot Bitcoin exchange traded funds (ETFs) in the US are recording a massive sell-off as investors’ sentiment turned bearish.
February 25 saw more than $937 million in outflows from US Bitcoin ETFs, the largest since January 2024. It shattered the previous record of $671 million outflow from last December.
The continuous withdrawal is turning out to be a worrying trend as BTC ETFs have seen over $2 billion in outflows in just 6 days.