Bitcoin ETF outflows cross $288M amidst Labor Day’s ‘risk-off mode’

Quick Summary:

Bitcoin ETFs outflows streak hit the second week as BTC struggles below $60K.

Apart from BlackRock, Wisdom Tree, and Grayscale Mini, which recorded zero flows, the rest posted negative flows.

As illustrated by the Coinbase Premium Index, which tracks investors’ demand for BTC, its price always increases if there’s enormous demand from the U.S.

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Article Details

Author / Journalist: Benjamin Njiri

Category: Crypto

Markets: United States

Topics: BTC Trading View News 1 Trading View Ambcrypto Social News Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-04 @ 19:00:42 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 456 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © AMBCrypto

News ID: 22369541

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About AMBCrypto

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 20 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

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Publisher ID: #103

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