Bitcoin and Ethereum ETFs Witness Major Outflows

Recent data from Lookonchain indicates significant outflows from Bitcoin and Ethereum exchange-traded funds (ETFs). A total of 4,828 BTC worth approximately $460 million has been withdrawn from ten Bitcoin ETFs, led by BlackRock’s reported outflow of 2,610 BTC. Similarly, nine Ethereum ETFs experienced a net outpouring of 70,248 ETH, totaling around $221 million, with BlackRock also contributing to this decline. Their holdings in these respective asset classes have been affected significantly.