Bitcoin ETFs see $1.79B outflows in a week, marking seven straight weeks of losses amid falling Bitcoin prices.
Spot Bitcoin ETFs experienced $1.79 billion in outflows last week, the second-largest weekly loss since their launch over two years ago, extending a seven-week streak of net withdrawals. This trend reflects declining investor confidence as Bitcoin's price dropped to around $58,000, a multi-year low, fueling further sell-offs. Ethereum ETFs faced a similar pattern with $273 million in outflows last week, also marking seven consecutive weeks of losses. These sustained outflows suggest structural challenges for crypto ETFs, with analysts noting that stabilization in ETF flows is likely necessary before Bitcoin and Ethereum prices can recover meaningfully.
Spot Bitcoin ETFs experienced $1.79 billion in outflows last week, the second-largest weekly loss since their launch over two years ago, extending a seven-week streak of net withdrawals. This trend reflects declining investor confidence as Bitcoin's price dropped to around $58,000, a multi-year low, fueling further sell-offs. Ethereum ETFs faced a similar pattern with $273 million in outflows last week, also marking seven consecutive weeks of losses. These sustained outflows suggest structural challenges for crypto ETFs, with analysts noting that stabilization in ETF flows is likely necessary before Bitcoin and Ethereum prices can recover meaningfully.
What's Your Reaction?
:max_bytes(150000):strip_icc()/GettyImages-2187410260-5afe56694791404f99c253dd8d5abe6a.jpg?#)
