Crypto ETFs Face Steep Outflows as Market Sentiment Weakens
- Bitcoin ETFs saw a significant outflow of $225 million, driven by institutional selling.
- Ether ETFs extended their losing streak to eight days with total outflows of $48.54 million.
- Blackrock’s ETHA led the ether ETF outflows, recording a withdrawal of $70.80 million.
- Blackrock’s ETHB attracted $39.86 million in inflows due to its staking feature despite market trends.
- Solana ETFs experienced a $7.84 million outflow, primarily from Bitwise’s BSOL.
The week concluded with substantial outflows from major crypto ETFs, highlighting persistent investor caution and weak market sentiment across flagship products like Bitcoin and Ether. Despite this trend, Blackrock’s ETHB fund managed to attract new capital due to its appealing staking feature.
(Source)
