Bitcoin ETF Outflows Surge, Signaling Shift Away From Risk-On Assets

A recent surge in withdrawals from Bitcoin ETFs highlights a shift away from risk-heavy assets. Investors have pulled out over $867 million in the past week, coinciding with a decline in Bitcoin’s price and market uncertainty surrounding rate cuts by the Federal Reserve. The sell-off is attributed to investors’ anticipation of lower interest rates and their preference for safer assets like bonds and gold. 3 weeks of significant withdrawals indicate a profit-taking period after Bitcoin’s recent record highs, but analysts believe this reflects a normal part of the market cycle.