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Bitcoin ETFs lose $1 billion for the second week in a row as crypto funds, except one, continue bleeding

By Zack Abrams

U.S. spot crypto ETFs lost about $1.55 billion combined, and Avalanche funds' $227,000 was the only weekly inflow among the 15 categories SoSoValue tracks.

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Exchange-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.

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Cryptocurrency

A digital currency secured by cryptography and recorded on a blockchain, without a central bank issuing it.

Crypto prices are volatile, and governments are still deciding how to regulate it.

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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.

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