Bitcoin and Ethereum ETF Outflows Surge: Is the Crypto Market Cooling Down?

The cryptocurrency exchange-traded fund (ETF) sector is experiencing a significant downturn, as data from Lookonchain reveals substantial outflows in both Bitcoin and Ethereum ETFs. As per their findings, Bitcoin ETFs witnessed an outflow of 1,567 $BTC ($130.04 million), while Ethereum ETFs saw a total outflow of 1,661 $ETH ($3.03 million). These outflows come as no surprise, with experts attributing the trend to shifting investor sentiment amid wider economic uncertainties and potential portfolio rebalancing at the end of quarter.