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Bitcoin ETFs lose $1.16B as Bitwise calls the selling short-term

Bitcoin ETFs lose $1.16B as Bitwise calls the selling short-term
AI summary

US spot Bitcoin ETFs shed $1.16 billion in outflows, a sign of cooling institutional demand. Bitwise's André Dragosch blamed weaker market sentiment but said institutions have largely kept their exposure, framing the selling as short-term. Traders watch ETF flows as a proxy for institutional positioning, so sustained outflows could pressure BTC prices.

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