Bitcoin and Ether ETFs See Major Outflows as BTC Drops to $59K and Ether Nears $1,500
Summary
U.S. spot bitcoin ETFs experienced $326 million in net outflows in a single session, while spot ether ETFs saw $5.97 million in outflows the same day. This resumed shortly after both products had ended prior outflow streaks, indicating the brief rebound failed to restore investor demand. Bitcoin traded near multi-week lows around $59,000, and ether slid toward $1,500. BlackRock's IBIT briefly pulled in $48 million after 13 consecutive days of outflows, but renewed selling pressure returned the next session. Ether's ETF demand remained weak after a prior $77.21 million outflow run, with ether relying more on spot and derivatives markets for support during the downturn.
Source
bskyBitcoin and Ether ETFs See Major Outflows as BTC Drops to $59K and Ether Nears $1,500briefly.coKey quotes
· 4 pulledU.S. spot bitcoin ETFs recorded $326 million in net outflows in a single session, while spot ether ETFs shed $5.97 million the same day.
Outflows resumed shortly after both products ended prior outflow streaks, indicating the brief rebound did not restore demand.
Earlier, BlackRock's IBIT pulled in $48 million after 13 red days, but the renewed selling pressure returned the next session.
Ether's ETF demand remained weak after a prior $77.21 million outflow run, and ether has relied more on spot and derivatives markets for support during the downturn.
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