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Why Is Bloomberg Analyst Bullish on Spot Bitcoin ETFs Despite $1.2B Outflow?

source-logo  coingape.com 10 September 2024 00:40, UTC

US Bitcoin exchange-traded funds (ETFs) have experienced their longest period of daily net outflows since their introduction at the beginning of the year. Data compiled through September 6, 2024, reveals that investors withdrew nearly $1.2 billion from these ETFs over an eight-day period.

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