Markets· ★★★★· bearish·

Bitcoin and Ethereum ETFs Shed $390.9M in a Day as Market Slides

  • —Bitcoin ETFs posted $261.4M in net outflows, reversing $175.7M of inflows a day earlier
  • —Fidelity's FBTC lost $152.7M and BlackRock's IBIT shed $110.9M
  • —Ethereum ETFs bled $129.5M, with BlackRock accounting for $109.8M
  • —Cumulative net inflows into Bitcoin ETFs remain at about $57.03B
Why it matters: Renewed ETF outflows add selling pressure on BTC and ETH amid a fragile market and macro uncertainty.
#BTC#ETH
Source: Crypto Economy
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