Bitcoin ETFs Record Billions in Withdrawals

Recent market activity reveals a challenging trend for Bitcoin Exchange-Traded Funds (ETFs), which have experienced significant outflows amounting to $3.7 billion. This substantial withdrawal of capital has sparked debate about the market’s short-term stability and whether it may indicate the start of a wider crypto downturn.

Bitwise Launches Dogecoin ETF Amid Growing Altcoin Demand

While Bitcoin products face headwinds, institutional interest in alternative cryptocurrencies appears to be expanding. Asset manager Bitwise has officially launched a Dogecoin ETF on the New York Stock Exchange (NYSE), a move that addresses the increasing demand for regulated investment vehicles focused on prominent altcoins.

Key Projects Face Technical and Reputational Hurdles

The broader ecosystem is also contending with notable project-specific challenges. The Monad network faced fake token transfer attacks less than 48 hours after its main network launch, underscoring persistent security risks for new platforms. In a separate development, the prediction market Polymarket is reportedly dealing with a significant scandal that has overshadowed a recent company milestone.

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