BlackRock’s Bitcoin & Ethereum ETFs See Major Outflows

Major shifts in the institutional investment landscape are affecting cryptocurrency markets, as BlackRock reports significant outflows from its Bitcoin and Ethereum exchange-traded funds (ETFs). Over $1 billion in Bitcoin ETF assets were withdrawn on October 31st alone, while Ethereum witnessed a similar outflow of nearly $210 million. This follows a decline in crypto prices that has impacted investor sentiment and highlighted potential changes in institutional investment strategies.