Crypto Market Sees Significant Outflows from Bitcoin and Ethereum ETFs
Bitcoin and Ethereum spot ETFs experienced significant outflows last week, totaling $240 million. The largest contributor to this was BlackRock's IBIT, which saw an outflow of $212 million. Fidelity's FBTC followed closely with a $27.9 million outflow.
Ethereum spot ETFs also reversed their five-day inflow streak, with net outflows reaching $70.6 million. Again, BlackRock's ETHA led the way with an outflow of $52.8 million.
However, Grayscale's Ethereum Mini Trust bucked this trend with a $9.9 million inflow.