Bitcoin ETFs shed $1.3B in biggest weekly outflow since late June
By Cointelegraph by Helen Partz
Investors pulled a net $1.21 billion from BlackRock’s IBIT last week as Bitcoin fell below $76,000 and US technology stocks sold off.
Read it in your languageMachine translation by Google of the publisher's page
Explained in this story
Bitcoin
The first and largest cryptocurrency, created in 2009, with a fixed maximum supply and no central issuer.
Its price swings and adoption by funds and companies make it a bellwether for the whole crypto market.
More about BitcoinExchange-traded fund
An investment fund that holds a basket of assets, such as the shares in an index, and trades on a stock exchange like a single share.
ETFs offer low-cost, diversified investing and are a fast-growing way people save.
More about Exchange-traded fundMore in Finance
From the blog
Finchb Telegram Wallet Rewards Players with USDC and SOL for Flying
Finchb has launched Solana Bird, a game inside its Telegram wallet where players earn real USDC and SOL by flying…
Elara Winter4 min read
Analyst ChartNerd Highlights Crucial Levels for XRP Holders
Analyst ChartNerd shares technical insights for XRP holders, comparing current market patterns to June 2022 and highlighting crucial price levels,…
Elara Winter3 min read
Analyst Predicts Further Downside for XRP Amid Steep Price Drop
Analyst Austin Hilton warns that XRP faces further downside as it trades at $1.15, dropping nearly 3% amid a broader…
Elara Winter2 min read