On January 27, Bitcoin ETFs experienced a $457.5M outflow, the largest in two weeks, equivalent to 5000 BTC, according to Glassnode. While this is significant, it pales in comparison to the 11,600 $BTC outflow on January 10. 👀
Meanwhile, Ethereum ETFs saw their second-largest outflow ever, totaling $136.3M. The only higher outflow was on January 8, with $159.3M withdrawn.
Despite these outflows, investors funneled $4.22B into ETF instruments over the past week. 💰
