Crypto ETFs Face Mass Redemptions Amidst Market Uncertainty

Bitcoin and Ethereum exchange-traded funds (ETFs) experienced significant outflows on Wednesday, October 29th, with over $550 million withdrawn in a single day. This wave of redemptions reflects growing caution among institutional investors amid shifting macroeconomic conditions. Fidelity, BlackRock, and ARK Invest were among the prominent firms impacted, highlighting a shift in sentiment.