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Bitcoin Opens June Under Pressure as ETF Outflows Cross $2B:

hedgeco

2 months ago

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(HedgeCo.Net) Bitcoin opened June under pressure, trading near $73,500 as a wave of outflows from Bitcoin-related exchange-traded funds raised new questions about the strength of institutional demand for digital assets.

For much of the past year, spot Bitcoin ETFs were treated as the institutional backbone of the crypto rally. They gave wealth managers, registered investment advisors, hedge funds, family offices, and retail brokerage clients a regulated, familiar, exchange-listed way to gain...

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