Bitcoin ETFs Bleed Millions for 4th Straight Day as U.S. Stagflation Fears Weigh on BTC and Stocks

Description

Investors withdrew money from U.S.-listed spot bitcoin (BTC) exchange-traded funds (ETFs) for the fourth consecutive trading day as U.S. service sector data raised the stagflation bogey. The 11 ETFs registered a cumulative net outflow of $196 million on Tuesday, with Fidelity's FBTC and BlackRock's IBIT accounting for the giant share of the tally, according to data source SoSoValue. The four-day outflow streak, the longest since April, began on Thursday when the ETFs bled $114.83 million, follow...