Record Bitcoin-ETF Outflow Buffets BlackRock, Fidelity Funds
- Investors pulled $564 million from Bitcoin ETFs on Wednesday
- Cryptocurrency on pace for worst week since August last year
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US spot-Bitcoin exchange-traded funds suffered their largest daily outflow as the digital token heads for its worst week since August 2023.
Investors pulled a net $564 million from the batch of almost a dozen funds on Wednesday, the biggest drawdown since the products debuted in January. The prospect of higher-for-longer interest rates has hurt risky assets like crypto.