Bitcoin ETFs post over $1.5 billion in net outflows so far this year

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Spot Bitcoin exchange-traded funds have seen more than $1.5 billion in net withdrawals since the start of the year. Investors have been redeeming shares quickly, which analysts point to as the main driver of the recent market downturn. On Friday, Bitcoin's spot price dropped below $70,000, its lowest level since August. The sell-off reflects growing caution among holders of these funds. The article links the pullback in prices directly to these rapid redemptions.

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