The report noted that despite this downward trend, there was a glimmer of hope toward the end of the week, as news emerged that BlackRock (NYSE:BLK), one of the world’s largest asset managers, had submitted an application for a Bitcoin (BTC) exchange-traded product (ETP) in the United States. This development resulted in minor inflows; however, they were not significant enough to offset the earlier outflows observed during the week. As a consequence, the streak of outflows persisted.
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Source: Cryptocurrency - investing.com
