Update
Bitcoin ETFs Experience Net Outflows
US spot Bitcoin exchange-traded funds (ETFs) experienced net outflows of $1.16 billion over three trading days, according to SoSoValue data. Bitwise's André Dragosch attributed the outflows to a short-term risk-off environment, with institutions maintaining their exposure to Bitcoin. The outflows followed Binance's $6.3 billion hack, which raised concerns about investor confidence and ETF custody security.