Crypto Investment Products See Record Outflows Amid Market Corrections

Cryptocurrency investment products have recorded their second-highest daily withdrawals this month, with Bitcoin and Ethereum ETFs seeing significant outflows. According to Cointelegraph, Bitcoin ETF redemptions reached $523 million on Tuesday, a fourfold increase from Monday’s $200 million outflow. Ethereum ETF redemptions totaled $422 million on the same day, doubling from the previous day’s $200 million. Combined Bitcoin and Ethereum ETF outflows have exceeded $1.3 billion over three consecutive trading days.