U.S. exchange-traded funds (ETFs) focusing on Bitcoin and Ethereum have experienced sustained redemptions. This comes amidst persistent market uncertainty fueled by ongoing political unrest in the country. Investor sentiment remains cautious, with a sense of unease about the impact of macroeconomic headwinds and a prolonged government shutdown that is dampening risk appetite in the crypto market. 📈 📉
Investors continued to pull money out of Bitcoin and Ethereum ETFs, with BlackRock’s IBIT experiencing over $100 million in net outflows for Bitcoin alone. Similar patterns were seen across other Bitcoin ETFs. While some investments saw modest inflows on Monday, overall outflows dominated the day’s performance.