Crypto ETFs Face Broad Selloff Amid Heavy Outflows
- Crypto exchange-traded funds (ETFs) ended the week under pressure with significant selloffs.
- Bitcoin funds recorded a second consecutive day of heavy outflows, losing $349 million on Friday.
- Other major crypto ETFs, including Ether, XRP, and Solana, also posted losses.
The crypto ETF market faced a cautious close to the week as broad selloffs affected multiple digital assets. Bitcoin funds experienced significant outflows for two consecutive days, highlighting investor caution in the current market environment.
Bitcoin’s $349 million loss on Friday underscores the continued pressure on crypto ETFs as investors reassess their positions amid market volatility. (Source)
