Spot Bitcoin ETFs Log $389.7M Weekly Outflows, ETH Funds Also Slip
Spot Bitcoin ETFs recorded $389.71 million in weekly outflows, reversing much of the prior period's $853.54 million inflows. Ethereum funds shed $2.26 million as their AUM fell on lower ether prices.
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Spot Bitcoin ETFs recorded net outflows of $389.71 million over the week, erasing much of the $853.54 million in inflows seen in the previous period. Total assets across these products fell to $76.61 billion.
Ethereum-focused funds saw a smaller weekly outflow of $2.26 million. Their total AUM dropped by roughly $200 million to $10.52 billion from $10.74 billion, with the decline attributed to a lower ether price rather than heavy redemptions.
Source: ForkLog