"Bitcoin ETFs recorded a sharp $171.22 million in net outflows, marking another difficult session for the asset class. The selling was broad and consistent."
"Ether ETFs extended their negative run to seven consecutive days, posting $92.54 million in net outflows. Blackrock's ETHA recorded a steep $140.24 million exit, driving the bulk of the losses."
"Trading volume came in at $2.49 billion, with net assets falling to $88.36 billion. Despite some inflows in Blackrock's ETHB, the overall trend remains negative."
Crypto ETFs are experiencing a significant decline in confidence, marked by persistent outflows. Bitcoin ETFs faced $171.22 million in net outflows, with seven funds reporting redemptions. Blackrock's IBIT led the losses, followed by Bitwise's BITB and Fidelity's FBTC. Ether ETFs also struggled, with $92.54 million in outflows, primarily driven by Blackrock's ETHA. Despite some inflows in Blackrock's ETHB, the overall trend remains negative. Trading volumes and net assets have decreased across various ETFs, indicating a challenging environment for crypto investments.
Read at news.bitcoin.com
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