Bitcoin & Ethereum ETFs See Record Outflows as Institutional Investors Pull Back

Institutional investors have pulled money out of Bitcoin and Ethereum exchange-traded funds (ETFs) at record levels, signaling growing risk aversion in the crypto market. Data from SoSoValue shows a total outflow of $869.9 million for Bitcoin ETFs and $259.7 million for Ethereum ETFs on Thursday, driven by institutional redemptions. 💰 These significant withdrawals highlight investors’ hesitancy towards risks stemming from macroeconomic uncertainties impacting the broader cryptocurrency space.