Crypto
Bitcoin ETF Outflows Total $283M as Price Declines Towards $77K
US Bitcoin ETFs saw significant outflows totaling $282.7 million on September 10, marking the third consecutive day of withdrawals.
This trend indicates weakening institutional demand for Bitcoin, which has been struggling with a price decline from above $78,000 to around $77,000.
The cumulative outflows over these sessions reached approximately $449.5 million, with major funds such as ARK Invest's ARKB and Grayscale's GBTC experiencing the largest withdrawals.