Bitcoin ETF Outflows Hit $390M While Ethereum ETFs Defy the Trend
- US spot Bitcoin ETFs saw $389.71M in weekly outflows, reversing prior gains.
- The net outflows for spot Bitcoin funds marked their largest total in six weeks.
- Spot Ethereum ETFs recorded $2.26M in net capital outflows over the same period.
Last week, institutional investors sharply shifted their approach to digital asset investment products. Spot Bitcoin ETF products recorded massive weekly redemptions totalling $389.71 million.
This abrupt shift ran counter to much of the capital movement in previous weeks. During this volatile period, institutional traders also watched flows in other assets.
Institutional Capital Shifts Out of Bitcoin ETF Products
The net redemptions for spot Bitcoin ETF funds marked their largest weekly total in six weeks. After a short market rally, institutional traders quickly withdrew funds. Total assets across all spot products fell as a result.
Bitcoin ETFs faced sustained selling pressure across four trading sessions, with the largest single-day outflows occurring early in the week. Despite the heavy redemptions, Bitcoinโs market price remained largely stable.ย
โฆ Continue reading the full article at the original source below.
