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Crypto's ETF boom gets $4.5 billion reality check in brutal week

Bitcoin ETFs are facing significant outflows, with over $1.3 billion withdrawn in just one week as the cryptocurrency market continues to decline. This shift marks a change in investor behavior, as they are reducing their exposure rather than buying on dips, a trend previously observed. BlackRock's IBIT ETF is at the forefront of these withdrawals, highlighting the ongoing challenges in the crypto market, yet some industry veterans remain hopeful for recovery in the future.