Crypto Investment Under Pressure: $1.2B ETF Outflows Spark Concerns

Despite broader market uncertainties fueled by macroeconomic factors, the crypto world is facing a turbulent week, particularly among institutional investors who are withdrawing heavily from Bitcoin exchange-traded funds (ETFs). This trend was visible with over $1.2 billion in net withdrawals across various products, indicating a growing distrust within the investment community. BlackRock, Fidelity, and Grayscale have been hit particularly hard by this sudden withdrawal activity.