Bitcoin's 'Stuck at the Moment' as Record Cash Flees Crypto ETFs – Bloomberg

Bitcoin's 'Stuck at the Moment' as Record Cash Flees Crypto ETFs – Bloomberg

Blockchain Crypto Market Technology
April 30, 2022 by Coinvasity
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David Westin speaks with top names in finance about the week’s biggest issues on Wall Street.Bloomberg View columnist Barry Ritholtz looks at the people and ideas that shape markets, investing and business.A 19-year-old who helped trigger the fidget spinner craze is hunting down his next big entrepreneurial win. Then there’s the young philanthropist who created
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David Westin speaks with top names in finance about the week’s biggest issues on Wall Street.
Bloomberg View columnist Barry Ritholtz looks at the people and ideas that shape markets, investing and business.
A 19-year-old who helped trigger the fidget spinner craze is hunting down his next big entrepreneurial win. Then there’s the young philanthropist who created his own community pantry, providing care packages for people in need. Finally, meet the couple behind the sports tech company whose products merge aspects of science, training and rehabilitation to serve professionals and everday athletes.
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Bitcoin seems to be stuck in a rut: Prices are flagging, online searches for the largest cryptocurrency and other digital assets have fallen off, fewer and fewer coins are changing hands, and crypto-related funds are seeing massive outflows. 
In fact, a UBS analysis of around 160 products shows April is set to see the largest crypto-ETF outflows on record, with investors having pulled more than $417 million so far this month. A Bitcoin product from Purpose alone has seen more than $220 million come out since the end of March. 

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