Bitcoin & Ether ETFs Face Outflows Amid Inflation Concerns

Following the release of the US Federal Reserve’s inflation report, investment in Bitcoin and Ethereum exchange-traded funds (ETFs) experienced significant outflows. These losses mark the first decline after consecutive days of inflows exceeding $1.5 billion for Ether ETFs, with a total net outflow of $164.64 million. This trend was mirrored by Bitcoin ETFs, who saw a $126.64 million net outflow, marking the first daily loss since August 22nd.