Bitcoin Hits Four-Month Low as ETF Outflows Persist
By The Defiant
US spot bitcoin funds shed $1.91 billion over seven sessions. Coinbase's new low was 13.4% below the low in The Defiant's Nov. 12 report.
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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.
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.
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