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via theblock.coMarkets

Bitcoin ETFs lose $1 billion for the second week in a row as crypto funds keep bleeding

FROM THE WIRE · THEBLOCK.CO

U.S. spot crypto ETFs lost about $1.55 billion combined, and Avalanche funds' $227,000 was the only weekly inflow among the 15 categories SoSoValue tracks.

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishContinued outflows from US spot crypto ETFs weigh on sentiment and the Bitcoin price.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01U.S. spot crypto ETFs lost about $1.55 billion combined over the week.
  2. 02Avalanche funds' $227,000 was the only weekly inflow among the 15 categories SoSoValue tracks.
  3. 03The item refers to a second consecutive week of losses.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
BitcoinBTCUSDCrypto64,125.72 USD-2.73%today -6.04%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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