Spot bitcoin ETFs see near-record outflows of $903 million
Spot bitcoin exchange-traded funds in the U.S. posted their second-largest daily outflow since their inception.
Spot bitcoin exchange-traded funds in the U.S. posted their second-largest daily outflow since their inception.
Crypto-related stocks are extending their slide, mirroring the sustained pullback in the broader digital asset market.
Retail investors have sold about $4 billion of spot BTC and ETH ETFs in November — the main driver of the latest crypto market correction.
Bitcoin fell below $86,000 after the delayed US jobs data pointed to persistent inflation, chipping away hopes for a December rate cut.
DATs have taken a significant hit in the latest market selloff, with both the value of their crypto holdings and stock prices collapsing.
Investors participating in the round include Sequoia, CapitalG, a16z, Paradigm, Anthos Capital, and Neo, according to TechCrunch.