Investors Withdraw $750M from Bitcoin
This is a news story, published by Yahoo Finance, that relates primarily to The iShares Bitcoin Trust news.
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Crypto TurmoilEtf
•Business
Business & Economics
Bitcoin ETFs Hit by Record Outflows as Gold ETFs Surge
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78% Informative
Nearly $3 billion has flowed out of spot bitcoin ETFs in the past week , marking the worst period of outflows since their launch a year ago .
The iShares Bitcoin Trust ( IBIT ) was up 1% year to date as recently as Feb. 20 , is now down more than 13% .
Bitcoin and other cryptocurrencies have been hit particularly hard following a massive $1.5 billion hack of Bybit last week .
VR Score
78
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75
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50
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formal
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English
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33
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7
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