Bitcoin and Ethereum ETFs See Significant Outflows

Recent data from Lookonchain reveals a concerning trend for U.S.-based Bitcoin ETFs: ten of them have experienced net outflows totaling 567 Bitcoin, according to Odaily. This significant withdrawal was largely driven by Grayscale’s GBTC product, which saw an outflow of 324 BTC, leaving it with 192,233 BTC valued at $15.06 billion. Similarly, nine Ethereum ETFs recorded a net outflow of 397 ETH, with Grayscale’s ETHE representing the majority, accounting for 247 ETH of this figure. Grayscale ETHE currently holds 1,200,009 ETH worth $1.84 billion in value.