Bitcoin ETF Outflows Exceed Ether by 128-to-1 Margin

The digital asset market continued to trade as usual over the weekend, despite U.S. stock exchanges being shut down.

However, one area of concern for Bitcoin enthusiasts is the significant outflows from U.S. spot ETFs. According to data, $385.2 million was withdrawn from these funds last week, while Ether funds saw losses of only $3.0 million, a stark 128-to-1 margin.

This disparity has led analysts to conclude that institutional selling is primarily affecting Bitcoin products rather than being evenly distributed across the crypto market.

Bitcoin itself remained steady around $63,011 on Sunday, hovering near a crucial support area for the week. Ether also showed little reaction to weaker U.S. inflation indicators, holding firm at about $1,879.