Crypto ETFs Experience Significant Outflows Amid Market Decline

According to Odaily, The Kobeissi Letter reported on the X platform that crypto ETFs saw an outflow of $2 billion last week, marking the largest weekly outflow since February. This represents the third consecutive week of outflows, totaling $3.2 billion. Bitcoin ETFs experienced an outflow of $1.4 billion, while Ethereum ETFs saw $689 million withdrawn. Over the past month, the average daily outflow as a percentage of total assets under management has reached a record high. Due to declining prices and these outflows, the total assets under management have decreased by 27% from their peak in October, now standing at $191 billion.