Dwindling optimism for Bitcoin ETF approval to blame as weekly crypto outflows hit $55M By Cointelegraph

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© Reuters.

Digital asset investment products saw $55 million in outflows for the week of September 13-19, according to a report from CoinShares.

Optimism surrounding what was previously thought to be the impending approval of a spot-based exchange-traded fund has begun to give way as $42 million worth of the week’s outflows came from BTC alone.