Crypto News

Bitcoin ETFs See Record Outflows Amid Market Uncertainty The recent market volatility and uncertainty in the global economy have led to significant outflows from bitcoin ETFs. According to data from CRYPTO and CRYPTO , over XXX were withdrawn from bitcoin ETFs in the past week alone. This marks a record high for outflows in the segment, highlighting the current unease among investors. Rising Concerns over Monetary Policy and Fed Actions One of the main drivers behind the mass exodus from bitcoin ETFs is growing concerns over potential shifts in monetary policy and a more hawkish stance from the Federal Reserve. The recent statement from the Federal Open Market Committee indicated a possible increase in interest rates sooner than expected, leading to a sell-off in many markets, including cryptocurrency. Investors Seek Safe Haven in Traditional Assets As uncertainty and volatility continue to plague the cryptocurrency market, investors are turning to more traditional ass...