Source: CoinDesk
“The U.S.-listed spot bitcoin (BTC) exchange-traded funds (ETFs) had a rough day on Monday as growth concerns and a sell-off in Nvidia (NVDA) dented market sentiment. The 11 ETFs registered a cumulative net outflow of $287.8 million, the largest single-day tally since May 1, when the funds bled over $500 million, according to data tracked by Farside Investors. … Bitcoin’s price fell over 2.7% to $57,500 on Tuesday, reversing Monday’s bounce. The losses came after the U.S. ISM manufacturing PMI printed below 50, indicating a continued contraction in the activity in August. The data revived growth fears, weighing over risk assets, including cryptocurrencies.” (09/04/24)