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Business & Economics

Bitcoin ETFs Hit by Record Outflows as Gold ETFs Surge

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Summary
Nutrition label

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

Informative language

75

Neutral language

50

Article tone

formal

Language

English

Language complexity

33

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Source diversity

1

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