Bitcoin-based exchange-traded funds (ETFs) experienced significant outflows, totaling $134 million on March 6.
This marks the fourth consecutive day of withdrawals, signaling a retreat from digital asset funds.
In addition to Bitcoin, Ethereum ETFs also saw a decline, with a net outflow of $35.89 million.
This pattern of investor pullback is raising concerns about market volatility and economic uncertainties, including Bitcoin price fluctuations and regulatory changes.
While recent outflows indicate caution among institutional investors, experts believe that this could be part of a broader market correction rather than a permanent shift.
Many analysts remain optimistic about the long-term potential of crypto ETFs, awaiting to see if the trend reverses in the near future.
Michael Saylor, the outspoken Bitcoin advocate and founder of Strategy, has once again turned to social media to champion the cryptocurrency he consistently backs.
At Paris Blockchain Week, Cardano creator Charles Hoskinson took the stage to lay out his vision for what he sees as the next major chapter in blockchain’s evolution.
World Liberty Financial (WLFI), a decentralized finance platform positioning itself as a response to growing distrust in traditional systems, may soon find validation in the changing landscape of international trade.
The escalating trade war between the United States and China has intensified, with China announcing an 84% tariff on U.S. goods in retaliation to President Donald Trump’s recent increase of tariffs on Chinese imports to 104%.