Bitcoin Holds Steady Around $80,000 Despite ETF Investor Outflows

U.S. spot Bitcoin exchange-traded funds (ETFs) saw significant investor withdrawals on Tuesday, totaling $170 million. Fidelity’s FBTC fund experienced the largest outflow, withdrawing $114 million alone. 📈 Meanwhile, Ethereum ETFs continued to see losses, with a net outflow of $12 million. This marks the seventh consecutive day of withdrawals from these funds, indicating a continuing downtrend in the second-largest cryptocurrency by market cap. 🤔 These outflows reflect a broader trend of cooling crypto investment appetite amidst increased market volatility and uncertainty surrounding interest rates and regulatory developments.