Institutional Interest in Bitcoin and Ethereum ETFs Declines

Recent data indicates a significant decrease in institutional interest in digital assets, as evidenced by record outflows from U.S.-listed spot Bitcoin and Ethereum ETFs over the past four months. According to PANews, Bitcoin ETFs have experienced continuous outflows totaling $6.39 billion, marking the longest monthly outflow streak since the fund's inception in January 2024. Ethereum ETFs have seen outflows of $2.76 billion during the same period. These substantial outflows have contributed to the decline in the prices of both tokens. Bitcoin, which reached a peak of $126,000 in early October last year, has nearly halved to $67,000. Ethereum has suffered an even more severe drop, falling over 60% from its high of $4,950 in August last year.