Bitcoin ETF Outflows Hit 4-Month High as Ethereum Funds Stay in the Red
💔 **Major Outflows:** Bitcoin ETFs experienced their largest net outflows since June, totaling $1.28 billion in the week following the Binance hack, with significant withdrawals occurring on multiple days.
📉 **Ethereum Struggles:** Ethereum ETFs have now seen six consecutive weeks of outflows, with a cumulative total of over $365 million leaving the funds, contributing to a sharp decline in ETH's price.
📊 **Market Impact:** The negative sentiment surrounding both Bitcoin and Ethereum ETFs has led to significant price drops, with BTC falling to a seven-week low of under $75,000 and ETH dropping below $2,250.
💔 **Major Outflows:** Bitcoin ETFs experienced their largest net outflows since June, totaling $1.28 billion in the week following the Binance hack, with significant withdrawals occurring on multiple days.
📉 **Ethereum Struggles:** Ethereum ETFs have now seen six consecutive weeks of outflows, with a cumulative total of over $365 million leaving the funds, contributing to a sharp decline in ETH's price.
📊 **Market Impact:** The negative sentiment surrounding both Bitcoin and Ethereum ETFs has led to significant price drops, with BTC falling to a seven-week low of under $75,000 and ETH dropping below $2,250.