Bitcoin ETFs Bleed $430 Million as Tech Rout Tests Wall Street Buyers
Summary
Wall Street experienced a significant market retreat as technology stocks sold off, prompting investors to pull funds from risk assets. Amid this broader financial pressure, spot Bitcoin exchange-traded funds suffered substantial outflows, led by major financial institutions like Fidelity and BlackRock.
Fidelity and BlackRock led Thursday's Bitcoin ETF withdrawals as a technology-stock selloff rattled risk assets.
Source: Read the full story at Decrypt
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