Bitcoin ETF outflows exceeded 1.2 billion dollars.

Large Outflow from Bitcoin ETFs

Last week, Bitcoin Exchange Traded Funds (ETFs) experienced their third largest outflow. The outflow amount reached 1.2 billion dollars. This development indicates that macroeconomic uncertainties are still having an effect on investors.

However, despite this, the prices of Bitcoin and Ethereum rebounded and slightly reduced their recent losses. This market improvement has increased investor interest in cryptocurrencies.

Interest in cryptocurrencies on Wall Street continues to persist. Major institutions like BlackRock and Fidelity are continuing to expand their ETF offerings.