Crypto ETFs See Record Outflows of $556 Million, Signaling Market Cautions

Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) witnessed a record outflow of approximately $556 million on August 20th. This movement reflects growing investor caution as market uncertainties persist. Analysis shows that Bitcoin ETFs led the selloff with a staggering $315.9 million withdrawn, while Ethereum ETFs saw $240.2 million pulled out by investors. This substantial pullback suggests either profit-taking or concerns about near-term price volatility in the crypto market.