Over $9 billion in funds flowed out of Bitcoin and Ethereum ETFs within four months

robot
Abstract generation in progress

According to Mars Finance, data from CoinDesk shows that US-listed spot Bitcoin and Ethereum ETFs have experienced record-breaking outflows over the past four months, indicating a significant decline in institutional interest in digital assets. Bitcoin ETFs have seen four consecutive months of outflows, totaling a net outflow of $6.39 billion, the longest monthly outflow since the fund was launched in January 2024. Ethereum ETFs also saw outflows of $2.76 billion during the same period. The large-scale outflows explain the price declines of both tokens. Bitcoin, which surged past $126,000 in early October last year, has nearly halved to around $67,000. Ethereum’s decline has been even more severe, dropping over 60% from its peak of more than $4,950 in August last year.

BTC4.94%
ETH4.38%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)