Bitcoin ETFs See Largest Outflow in Six Weeks: What's Going On?
Bitcoin ETFs post their biggest weekly outflow since June as Goldman Sachs says a September Fed rate hike is very unlikely.
Money flowed out of Bitcoin funds this week—the biggest exit in six weeks—partly because a famous bank thinks the Federal Reserve probably won't raise interest rates next month. When people feel less worried about rate hikes, they sometimes pull cash out of Bitcoin.
Last session drawn · prints held ~15 minutes · licensed exchange data
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
Disclosure: Educational and informational purposes only — not financial advice. We educate, not advise. Market data may be delayed up to 15 minutes unless marked real-time. Past performance is not indicative of future results.