Bitcoin ETF Outflows Reach New Highs, Altcoins Surge as Traders Seek Opportunities

Bitcoin exchange-traded funds experienced a record outflow of $536.4 million in net withdrawals, marking the largest single-day exodus since August. This market shift has led to renewed focus on promising altcoins like Solana, Cardano, Sui, and MAGACOIN FINANCE as investors seek recovery plays heading into Q4 2024. The record outflows come amidst increased risk aversion among investors following a recent U.S. tariff announcement on Chinese imports, which wiped out over $20 billion in crypto holdings.