Bitcoin ETF posts record outflow amid crypto bear market

Core Insights - The largest bitcoin ETF fund is experiencing a significant decline as investors withdraw from the fund at unprecedented levels [1] Group 1: Fund Performance - The bitcoin ETF fund has seen a massive outflow of investments, indicating a lack of confidence among investors [1] - This slump marks a historical low for the fund, with withdrawals occurring at rates never seen before [1] Group 2: Investor Behavior - Investors are bailing from the fund in large numbers, reflecting broader market sentiments towards bitcoin and cryptocurrency investments [1] - The current trend suggests a shift in investor strategy, possibly moving away from bitcoin ETFs to other investment vehicles [1]