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United States’ 12 spot Bitcoin exchange-traded funds (ETFs) showed a combined net outflow of $1.2 billion in eight days. On Sept. 9, Bloomberg data showed investors took out about $1.2 billion from the 12 listed spot Bitcoin (BTC) ETFs from Aug. 30 to Sept. 6. This marks the ETFs’ longest net outflow run since they were listed in January. This comes as Bitcoin prices struggled in the first week of September, going from a high of $64,668 on Aug. 26 to a low of $53,491 on Sept. 7. This represents a 17.28% drop in just two weeks. However, analysts say that BTC has historically shown poor performa…

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