Bitcoin ETFs see billions in outflows

Bitcoin exchange-traded funds (ETFs) have experienced significant outflows totaling billions of dollars, coinciding with diminished hopes for interest rate cuts by the Federal Reserve. The rise in Treasury yields is making traditional fixed-income investments more attractive, drawing capital away from riskier assets like Bitcoin. This trend suggests a shift in investor sentiment towards safer havens as macroeconomic conditions evolve. The outflows from Bitcoin ETFs indicate a potential cooling of institutional interest in the cryptocurrency market, reflecting broader financial market dynamics and investor risk appetite.