Crypto
Bitcoin ETF Outflows Top $463M Amid BTC Price Slump
Bitcoin exchange-traded funds (ETFs) suffered net outflows of $462.7 million last week, marking the end of a three-week inflow streak for these products.
The losses came as Bitcoin struggled to stay above the $80,000 level, trading around $77,900 on Monday after failing to sustain its recent recovery.
ARK 21Shares' Bitcoin ETF led the exodus with $234.2 million in net withdrawals, followed by Grayscale's Bitcoin Trust ETF at $129.1 million and BlackRock's iShares Bitcoin Trust ETF at $52.5 million.
In contrast, Ethereum ETFs saw a surge in inflows, attracting $196.9 million over the same period, with BlackRock's iShares Ethereum Trust ETF accounting for $148.8 million of this total.