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Bitcoin's biggest ETF selloff yet hits $3.4 billion as AI stocks keep climbing
Key takeaways
- The 11-session run, which began May 15, marks the longest stretch of net redemptions since the funds debuted in January 2024, surpassing the eight-day record set in February 2025.
- However, Wall Street's appetite for risk remains strong, with Nvidia up 6%, and other stocks linked to semiconductors and AI attracting the interest of investors.
- The latest session saw investors withdraw another $484 million from the funds, helping push down BTC's price by 4% during the Asian trading day.
The 11-session run, which began May 15, marks the longest stretch of net redemptions since the funds debuted in January 2024, surpassing the eight-day record set in February 2025.
However, Wall Street's appetite for risk remains strong, with Nvidia up 6%, and other stocks linked to semiconductors and AI attracting the interest of investors.
The latest session saw investors withdraw another $484 million from the funds, helping push down BTC's price by 4% during the Asian trading day.
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