Cryptocurrencies
US Bitcoin ETFs Bleed $1.2 Billion in Longest Run of Net Outflows
- Investors pulled cash from the funds for eight straight days
- Anxiety in global markets is spilling over into digital assets
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US Bitcoin exchange-traded funds have posted their longest run of daily net outflows since listing at the start of the year, part of a wider retreat from riskier assets in a challenging period for global markets.
Investors pulled close to $1.2 billion in total from the group of 12 ETFs over the eight days through Sept. 6, data compiled by Bloomberg show. The drop comes amid a rocky period for shares and commodities on economic growth worries.