BTC ETFs lose $635 million in a single day. What next?
The key driver purportedly driving Bitcoin’s recent rise above $80,000 appears to be fading. Eleven U.S.-listed spot Bitcoin exchange-traded funds (ETFs) attracted $3.29 billion in investor funds in March and April, but are now experiencing capital leaks. There are also quite large ones. Investors withdrew $635 million from the funds on Wednesday, the highest single-day…