Bitcoin ETFs shed $635 million as BTC tests their holdings’ estimated $81,500 cost basis
US spot Bitcoin exchange-traded funds recorded about $635 million in internet outflows Thursday as the cryptocurrency traded close to the estimated cost basis of the funds’ Bitcoin holdings. The Oct. 22 withdrawals have been the most important every day outflow since June 25 and reversed practically 60% of the inflows the funds attracted over the earlier three buying and selling classes,…
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