Markets· ★★★★· bearish·

Bitcoin and Ethereum ETFs see $648M in daily outflows

  • —US spot Bitcoin ETFs saw $487 million in daily outflows
  • —Ethereum ETFs lost $161 million, a seventh straight day of outflows
  • —BlackRock's IBIT shed $208 million
  • —LuBian and Bitfinex assets make up 71% of US government BTC holdings
Why it matters: Sustained ETF outflows add selling pressure on BTC and ETH, signaling weakening institutional demand.
#BTC#ETH
Source: TokenPost
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