Bitcoin and Ethereum ETFs See Outflows Amid Inflation Concerns

Investment funds for Bitcoin and Ethereum cryptocurrencies experienced outflows this past Friday, likely influenced by the latest news surrounding rising inflation rates. As reported by SoSoValue, Ethereum ETFs saw a significant $164.64 million in net withdrawals. This marked the end of a five-day period of substantial inflows that led to over $1.5 billion in new investment for the funds since July 2024. Meanwhile, Bitcoin ETFs posted a $126.64 million outflow, signifying their first daily decline since August 22nd. Both these figures are now at their lowest levels in recent months.