Bitcoin exchange-traded funds recorded $1.3 billion in net outflows, their largest weekly decline since late June. Fidelity’s Wise Origin Bitcoin Fund nevertheless attracted about $93 million over the week, despite losing nearly $200 million on Thursday. Shifting expectations for US interest rates, uncertainty after the midterms and weakness in technology stocks weighed on crypto markets. At publication, Bitcoin traded at $74,049, down 5% over seven days and 2.3% over 24 hours, according to CoinGecko.
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