Bitcoin and Ethereum ETFs Experience Significant Outflows
On March 4, institutional crypto investment products saw notable withdrawals, with both Bitcoin ($BTC ) and Ethereum ($ETH ) ETFs recording substantial net outflows. Ten Bitcoin ETFs collectively experienced a 1,238 BTC outflow, amounting to a loss of approximately $102.85 million. Notably, iShares (BlackRock) led the outflows, shedding 909 BTC, equivalent to $75.58 million, reducing its total Bitcoin holdings to 572,227 BTC, valued at $47.55 billion.
The Ethereum market faced a similar trend, with nine ETH ETFs seeing a combined outflow of 12,221 ETH, translating to a $25.35 million decline. Once again, iShares (BlackRock) contributed significantly to the sell-off, offloading 7,570 ETH worth $15.7 million. This adjustment brings its total Ethereum holdings down to 1,284,919 $ETH , valued at $2.66 billion.
These outflows indicate a shift in investor sentiment, with large-scale liquidations impacting market stability. Whether this trend will continue or reverse in the coming days remains uncertain, but all eyes are on institutional movements as they play a crucial role in shaping the crypto market’s trajectory.
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