Bitcoin ETF Outflows Soar as $23 Million Treasury Bid Sparks Market Activity

Bitcoin exchange-traded fund (ETF) holdings have experienced significant outflows, amounting to $126 million, amidst a new market development. The move comes from Amdax’s launch of a $23 million treasury bid aimed at securing 1% of the global Bitcoin supply. This initiative is expected to significantly impact the cryptocurrency ecosystem and potentially influence ETF performance.