Bitcoin and Ethereum ETFs Record Outflows of $798 Million
🔸 Details:
• ETF funds (managed by BlackRock, Fidelity, and others) recorded a record outflow of $798 million in the last 24 hours.
• This decline is the highest since the beginning of crypto ETF trading in US markets.
• This comes after weeks of strong gains, suggesting that investors are taking profits.
• Political and economic factors, such as concerns over Federal Reserve decisions and a slowdown in institutional adoption, may be behind the temporary withdrawal.
📌 Analysis:
Despite the negative outflows, the news reflects that ETFs have become a key tool in driving the crypto market, which is a qualitative development compared to previous years.
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