Bitcoin bulls have celebrated the introduction of exchange traded funds investing directly in the crypto, which pushed up institutional participation. But sudden outflows can also accelerate selloffs when the crypto drops, analysts said.

Spot bitcoin exchange-traded funds (ETFs) in the U.S. saw $94.3 million of total inflows on the last day of February as crypto's worst month in

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Spot Bitcoin exchange-traded funds (ETFs) experienced their worst day on record this week since their debut last year as investors dumped more than $1 billion worth of investments within 24 hours.