Crypto ETFs saw $2 billion in outflows last week, marking the largest weekly outflow since February.

The Kobeissi Letter, a capital commentary media outlet, reported on the X platform that crypto ETFs saw $2 billion in outflows last week, the largest weekly outflow since February. This marks the third consecutive week of outflows, totaling $3.2 billion. Of this, Bitcoin ETFs saw $1.4 billion in outflows, and Ethereum ETFs saw $689 million. Over the past month, the average daily outflow as a percentage of total assets under management has risen to an all-time high. Affected by price declines and fund outflows, total assets under management have fallen 27% from their October peak to $191 billion.