BTC Price Muted Amid Weak Demand From U.S. Investors

BTC price has remained muted amid weak demand from U.S. investors.ETFs saw a significant bleed-out post-Labor Day, underscoring a sustained risk-off mode

U.S. investors appear to be losing interest in crypto exchange-traded funds (ETFs) as outflows resumed following Labor Day.

According to data from Soso Value, Fidelity led the outflows with investors withdrawing $162.3 million from its Bitcoin (BTC) trust fund. Grayscale and Ark 21Shares followed closely, with outflows of $50.4 million and $33.6 million, respectively.

The outflows post-Labor Day verstärkte a weak trend that began last week.

“This could put pressure on crypto asset prices in the short term, with lower demand from U.S. investors,” Soso Value noted.

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