The latest data indicates that U.S. spot bitcoin ETFs experienced significant net outflows of $54.13 million, marking a challenging time for Bitcoin-focused exchange-traded funds.
Similarly, spot ethereum ETFs encountered setbacks, with $3.2 million being withdrawn from these funds, indicating a continued struggle in maintaining capital inflow.
Overall, both spot bitcoin and ethereum ETFs are dealing with heavy withdrawals, pointing towards more losses and uncertainty in the cryptocurrency market, amidst fluctuating investor sentiments.
