Bitcoin and Ether ETFs Experience Significant Outflows Amid Market Volatility
- Bitcoin ETFs saw outflows of $82.39 million on Friday, with Blackrock’s IBIT losing $71.78 million.
- Ether ETFs recorded a $69.68 million outflow, primarily from Blackrock’s ETHA.
- Solana experienced its tenth consecutive day of outflows, totaling $12.67 million on Friday.
- NEAR Protocol attracted fresh capital with an inflow of $2.61 million, contrasting broader market trends.
- Weekly trading volume for Bitcoin ETFs exceeded $10 billion, indicating continued institutional activity despite reduced exposure.
The cryptocurrency ETF market faced significant outflows last week as investors reduced their exposure to major digital assets amid volatile conditions. Bitcoin ETFs alone lost approximately $228.6 million over the week, highlighting fragile institutional demand.
Despite the overall trend of selling, NEAR Protocol stood out by attracting new investments, suggesting selective interest in specific assets remains strong among investors seeking opportunities in a fluctuating market environment.
