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U.S.-listed spot bitcoin exchange-traded funds (ETFs) have experienced significant outflows of $2.26 billion over the past two weeks, coinciding with a sharp decline in Bitcoin's price to $74,300. This marks the largest weekly outflows since the ETFs' launch in January 2024. The drop reflects growing investor caution amid regulatory uncertainties and profit-taking after Bitcoin's earlier rally. For markets, the outflows signal reduced institutional demand and could pressure Bitcoin further if the trend continues. Traders are closely monitoring whether the $70,000 level will hold as support or if the price will break below it. The broader crypto market has also seen declines, with altcoins underperforming Bitcoin. Regulators in the U.S. and Gulf regions are likely to scrutinize ETF activity more closely, which could impact future inflows. Investors should watch for potential regulatory updates and macroeconomic data in the coming weeks.
