US-based spot Bitcoin ETFs have experienced their longest period of consecutive days with net outflows since their inception earlier this year.
According to Bloomberg data, over the course of eight days through September 6, a total of nearly $1.2 billion was withdrawn from the 12 ETFs.
This decline coincides with a volatile period for stocks and commodities due to concerns about economic growth.
Mixed employment data in the US and deflationary pressure in China have contributed to this trader uncertainty.
The impact is also being felt in the crypto market, as the value of digital assets is increasingly linked to stock market movements.