SpaceX Seeks FCC Approval for Massive Solar-Powered Satellite Network to Support AI Data Centers 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
Instagram Outage Disrupts Thousands of U.S. Users 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans 
Oracle Plans $45–$50 Billion Funding Push in 2026 to Expand Cloud and AI Infrastructure 
Elon Musk’s SpaceX Acquires xAI in Historic Deal Uniting Space and Artificial Intelligence 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
Nvidia Confirms Major OpenAI Investment Amid AI Funding Race 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
SpaceX Updates Starlink Privacy Policy to Allow AI Training as xAI Merger Talks and IPO Loom 
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
Eleven US-based Bitcoin ETFs saw a total of $1.2 billion pulled out over eight days, the longest streak of outflows since January. Bitcoin’s declining price has contributed to this extended period of investor withdrawals.
Bitcoin ETFs Face Extended Withdrawal Streak
Investors pulled about $1.2 billion out of the eleven spot Bitcoin exchange-traded funds (ETFs) listed on Bloomberg between August 30 and September 6, the longest stretch of withdrawals since the funds' inception on January 10, according to data released on September 9.
Cointelegraph reports that the outflows coincide with Bitcoin's poor performance in the first week of September, when its price fell from $64,668 on August 26 to $53,491 on September 7, a decrease of 17.28%. However, experts warn that September is usually a bad month for Bitcoin's performance.
As the value of digital assets tends to "rekt" in September and "get some relief" in October, the terms "Rektember" and "Uptober" are frequently used in the cryptocurrency industry.
Bitcoin Performance Expected to Improve in Coming Weeks
Bitcoin fell more than 2% in the first two weeks of September, its lowest point in two weeks. Still, experts see room for improvement in the digital asset.
In spite of its temporary declines, financial advisor Suze Orman maintains her belief that Bitcoin should be owned by everyone and that the upcoming generation of investors has the power to shape the future of cryptocurrency.
Suze Orman: Bitcoin Is the Future for Younger Investors
Orman predicted in a CNBC interview that the asset's value will rise due to the fact that Bitcoin will become more popular among younger generations as their disposable income increases.
Despite the outflows, crypto nevertheless outpaced the 400 new exchange-traded funds (ETFs) that debuted in 2024. According to data from The ETF Store, spot Bitcoin ETFs will be the four most popular releases in 2024.
The ARK 21Shares Bitcoin ETF, the Bitcoin ETF Trust from Bitwise, the iShares Bitcoin Trust from BlackRock, and the Wise Origin Bitcoin Fund from Fidelity are all part of this group.
Cryptocurrency ETFs Dominate Top 25 Fund Inflows
Thirteen of the top twenty-five exchange-traded funds (ETFs) by inflows are cryptocurrency-related, ten are Bitcoin-based, and three are Ethereum-related.
