News Explorer — Investors Pulled $218 Million From Bitcoin ETFs Amid News of a Slowing U.S. Economy

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Apr 26, 5:25 pm

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Investors Pulled $218 Million From Bitcoin ETFs Amid News of a Slowing U.S. Economy

The influx of cash into Bitcoin exchange-traded funds (ETFs) has come to a halt as investors withdrew $218 million from the products. This follows a slower-than-expected growth in the American economy, indicating that the Federal Reserve is unlikely to lower interest rates. High interest rates typically deter investors from "risk-on" assets like Bitcoin.

The influx of cash into Bitcoin exchange-traded funds (ETFs) has come to a halt as investors withdrew $218 million from the products. This follows a slower-than-expected growth in the American economy, indicating that the Federal Reserve is unlikely to lower interest rates. High interest rates typically deter investors from "risk-on" assets like Bitcoin.

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