Crypto ETFs Bleed $1.5B as Bitcoin Funds Extend Losses
Institutional demand for crypto ETFs investment products continued to weaken last week, with US spot Bitcoin exchange-traded funds (ETFs) recording more than $1 billion in withdrawals for the second consecutive week. The selling extended across most digital asset funds, leaving Avalanche ETFs as the only category among 15 tracked groups to attract net inflows. Bitcoin […]
Key Takeaways
- Institutional demand for crypto ETFs investment products continued to weaken last week, with US spot Bitcoin exchange-traded funds (ETFs) recording more than $1 billion in withdrawals for the second consecutive week.
- The selling extended across most digital asset funds, leaving Avalanche ETFs as the only category among 15 tracked groups to attract net inflows.
- Read the full article for additional context and details.
Summary generated by IndiCrypto from Bitcoinist. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Regulation
US Crypto Trust Charters Face Senate Scrutiny as Coinbase Receives Final Approval
US regulators are allowing more cryptocurrency companies to operate under US crypto trust charters, but the expansion is attracting growing scrutiny from lawmakers concerned about compliance standards, regulatory oversight, and potential political conflicts…
Unocoin Admits $200K Crypto Loss, Warns of Customer Data Breach
Indian cryptocurrency exchange Unocoin confirmed Saturday, Nov. 14, that attackers stole approximately $200,000 in cryptocurrency from three compromised hot wallets, reversing its earlier assurances that no funds were lost. The trading platform’s team also…
Louisiana AG calls CFTC chair an ‘obsequious standard bearer’ for prediction markets following agency lawsuit
The CFTC sued Louisiana Friday to block a state judge's order banning 31 prediction markets, including Kalshi and Polymarket, in the state.