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Bad day for Bitcoin, net $218M withdrawn from ETFs

Bitcoin ETFs 401(k)s

Hong Kong will become latest market to launch crypto ETFs.

Investors pulled a net $218 million from US Bitcoin exchange-traded funds, one of their worst daily outflows as demand for risky investments takes a knock from fading hopes for Federal Reserve interest-rate cuts.

Thursday’s figure encompasses a $23 million drawdown for the Fidelity Wise Ori

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