Record Outflows from ETFs: Bitcoin and Ethereum
Recent data shows that there has been a significant outflow from Exchange-Traded Funds (ETFs) related to cryptocurrencies.
Bitcoin ETFs:
Investors pulled out a total of $333.19 million from Bitcoin ETFs, indicating a trend of profit-taking.
Ethereum ETFs:
Similarly, Ethereum ETFs experienced a significant outflow of $465.06 million, suggesting a risk-off sentiment among traders.
This mass exodus from both Bitcoin and Ethereum ETFs highlights a cautious approach by investors in the current market conditions.
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