Bitcoin falls 3.4% in May as spot ETFs see $3.5 billion outflows
Bitcoin records a 3.4% decline in May 2024, fueling concerns about a continued market correction.
Published 16sem1 sourceImportantupdated 2sem
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The fact
American spot bitcoin exchange-traded funds (ETFs) experience net outflows of $3.5 billion over eleven days.
These negative flows signal a pullback by institutional and retail investors amid macroeconomic uncertainty.
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