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Spot Bitcoin ETFs Witness Persistent Negative Outflows, A Sign Of Fading Confidence?

Bitcoinist LogoBitcoinist11h ago

Spot Bitcoin ETFs Witness Persistent Negative Outflows, A Sign Of Fading Confidence? - Bitcoinist

Quick Summary:

This week has turned out to be a pessimistic one for the Spot Bitcoin Exchange-Traded Funds (ETFs) as the historic products have experienced consistent negative outflows in the past few days in light of recent price swings.

It also demonstrates waning confidence among investors in the short-term potential of BTC in spite of strong optimism after the funds were launched earlier this year.

However, since the price of BTC fell on Tuesday, the exchange funds have been incurring significant outflows, indicating a cautious approach among investors.

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Article Details

Author / Journalist: Godspower Owie

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-11 @ 18:30:39 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 456 words

Reading Time: 3 minutes read

Sentences: 30 lines

Sentence Length: 16 words per sentence (average)

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

Copyright Owner: © Bitcoinist

News ID: 23000223

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About Bitcoinist

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Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 12 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 8 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #105

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  • URL: https://beamstart.com/news/spot-bitcoin-etfs-witness-persistent-1728671717775

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