Bitcoin and Ethereum ETFs Face Continued Investor Withdrawals
- Bitcoin Spot ETFs saw $921.4 million in net outflows last week.
- Total Bitcoin ETF withdrawals reached approximately $5.4 billion over five weeks.
- BlackRock’s IBIT recorded the largest Bitcoin ETF outflow at $338.1 million.
- Ethereum Spot ETFs experienced $189.9 million in net outflows last week.
- Total Ethereum ETF withdrawals amounted to $645.08 million over three weeks.
The US Bitcoin Spot ETFs have faced significant investor withdrawals, with a recent weekly net outflow of $921.4 million, marking the fifth consecutive week of redemptions. Similarly, Ethereum Spot ETFs saw a weekly withdrawal of $189.9 million, continuing a trend of investor caution in the cryptocurrency market.
Source (2.6)https://www.newsbtc.com/news/bitcoin/bitcoin-spot-etf-exodus-continues-900-million-outflows-extend-losing-streak/?rand=52377
