U.S. Bitcoin and Ethereum Spot ETFs See Significant Outflows

Recent data reveals that U.S. Bitcoin spot exchange-traded funds (ETFs) have experienced a notable net outflow of $372.8 million, according to BlockBeats, with BlackRock’s IBIT leading the way with a staggering $523.2 million in outflows. Ethereum spot ETFs haven’t escaped the trend, as they also witnessed a net outflow of $74.2 million, led by Blackrock’s ETHA which contributed $165.1 million to this total.