Crypto ETFs Face Turbulence as Withdrawals Surge

Cryptocurrency exchange-traded funds (ETFs) experienced significant turbulence this week, marked by billions of dollars in withdrawals from Bitcoin and Ethereum funds. This follows a sharp decline in prices for both assets, indicating a shift in investor sentiment. Analysts attribute the withdrawals to market volatility rather than a major sell-off, with some suggesting these movements may be strategic adjustments rather than a sign of broader skepticism towards cryptocurrencies.