US Bitcoin ETFs Lost $946 Million After Hawkish Tone From Fed

U.S. Bitcoin exchange-traded funds bore the brunt of institutional outflows last week, accounting for $946 million worth of withdrawals, according to a new report from digital asset manager CoinShares. iShares Bitcoin Trust (IBIT) shed approximately $400 million last week, the most among the 11 spot BTC funds currently trading. But total net outflows for all funds tracking digital assets were a less dramatic $360 million. “Digital asset investment products saw outflows totalling $360 million last week de ...