Crypto ETF Outflows Surge: Investors Pull Over $900 Million from Ethereum-Focused Funds

The cryptocurrency market is experiencing a shift in investor sentiment, as recent data reveals significant outflows from exchange-traded funds (ETFs) and those specifically focused on Ethereum. This trend reflects growing concerns about market volatility, regulatory developments, and the long-term sustainability of the recent rally in major digital assets. A report indicates that over $900 million was withdrawn from Ethereum-focused investment products alone in the last week. 2023 has seen a notable shift as investors become more cautious following recent price swings for Bitcoin and Ethereum.