U.S. spot Bitcoin ETFs record $331 million outflows
U.S. spot Bitcoin ETFs experienced significant outflows, totaling $331 million. The largest portion of these outflows, $326 million, came from BlackRock’s IBIT.
Spot Ethereum ETFs also saw outflows, totaling $62.30 million. However, Bitwise’s ETHW posted a net inflow of $0.76 million, the largest single-day inflow.
The outflows from Bitcoin and Ethereum ETFs may indicate a shift in investor sentiment. The significant outflows from BlackRock’s IBIT suggest that investors are reevaluating their investments in the cryptocurrency space.