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BTCUSD Tumbles as Bitcoin ETF Outflows Hit $1.72B Amid Macro Risk Repricing

Cointelegraph Read original source (opens in a new tab)
The Story

News Summary

  • Spot Bitcoin ETFs suffered a fourth consecutive week of heavy outflows totaling $1.72 billion.
  • Analysts attribute the sell-off to a macro-driven risk repricing triggered by strong US employment data and hawkish interest rate expectations, leading institutional investors to reduce their exposure to highly liquid crypto assets.
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BTCUSD price history

75624.72 +15.04% over the displayed period

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