Bitcoin, Ethereum ETFs See Brief Net Outflow Streak

After weeks of steady inflows into US spot Bitcoin and Ethereum exchange-traded funds (ETFs), demand cooled off on Friday. The sudden change was reflected in the net outflows for both ETFs, which saw $240 million in losses for Bitcoin and $70.6 million for Ethereum.

Despite these one-day net outflows, both Bitcoin and Ethereum ETFs still recorded overall net inflows over the week, indicating that institutional demand remains strong. This suggests that while the latest numbers may be a blip on the radar, investors continue to show interest in these digital assets.

The disclaimer from KuCoin emphasizes the importance of evaluating risk before investing in digital assets, and notes that investments can be risky.