U.S. Bitcoin and Ethereum ETFs See Significant Outflows

Recent data reveals substantial withdrawals from U.S.-based crypto exchange-traded funds (ETFs), according to BlockBeats, a market intelligence platform. On October 29th, the U.S. Bitcoin spot ETF experienced a net outflow of $470.7 million, while the Ethereum spot ETF saw a net outflow of $81.4 million. These notable withdrawals offer insights into current investor sentiment and the evolving landscape of the cryptocurrency market.