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#Crypto_News ๐๐๐
Bitcoin ETFs See Nearly $4 Billion Outflow for Fifth Consecutive Week
On February 21, #Bitcoin ETFs experienced another round of outflows, marking their fifth consecutive week of decline. These products have now lost nearly $4 billion in funds. According to data from SoSoValue, spot Bitcoin ETFs saw a net outflow of $165.76 million on February 19, marking the third consecutive day of redemptions.โญ๏ธโญ๏ธโญ๏ธ
This redemption brings the cumulative outflow over the past five weeks to nearly $4 billion. Previously, since mid-January, weekly outflows were $403.9 million, $359.9 million, $318.1 million, $1.49 billion, and $1.33 billion, respectively. ๐จ๐จ๐จ