Mystery Surrounds $500 Million Outflow From Bitcoin ETF
Withdrawals from the Purpose Bitcoin ETF (ticker BTCC) equaled about 24,510 Bitcoin, or around 51% of its asset under management on Friday, 6-17-22.
Withdrawals from the Purpose Bitcoin ETF (ticker BTCC) equaled about 24,510 Bitcoin, or around 51% of its asset under management on Friday, 6-17-22.
'I trusted them with my savings:' Crypto investors scramble after accounts frozen. Celsius froze account, making it impossible to meet margin calls.
Dogecoin (DOGE) has gained 11% since billionaire Elon Musk said that he would continue to support and buy the cryptocurrency.
In a sign of deepening turmoil in the crypto community, Babel Finance became the second major digital-asset lender this week to freeze withdrawals.
The software company is the established business with the most bitcoins on its balance sheet.
Epic rout that has wiped out about two-thirds of Bitcoin’s value is exacerbating the debt crisis in the world’s most crypto-friendly country.
Crypto-related stocks cratered early Monday as a broader sell-off in Bitcoin (BTC-USD), Ethereum (ETH-USD) and other cryptocurrencies accelerated.