ETF Outflows Cast Shadow on Crypto Market

BTC and ETH ETFs experience notable outflows as institutional interest and market sentiment come under scrutiny. According to recent data, Bitcoin ETFs saw a net outflow of 2,148 BTC over the past day, translating to approximately $165.46 million.

While this shift raises questions about investor strategy amid fluctuating market conditions, it's worth noting that the 7-day net flow remains positive at 8,587 BTC. Ethereum ETFs also experienced a notable outflow of 9,540 ETH.

The broader crypto market is showing mixed signals, leading to increased scrutiny of these flows. Some observers believe whale activity may be shifting, influencing these net flows and dictating future price movements.