CryptoWorld News reports that Bitcoin (BTC) ETFs saw a $490 million outflow after the price failed to regain $78,000. This outflow occurred in physically backed spot ETFs listed in the United States, reflecting investors’ concerns about the impact of high oil prices, earnings reports from major technology companies, and insufficient growth indicators for the artificial intelligence industry. Despite the outflow in the short term, ETFs have still recorded a cumulative net inflow of $3.3 billion since March. Analysts noted that although Bitcoin’s price is down 14% year-to-date, rising U.S. inflation could drive further bullish momentum.

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