Crypto Funds Hit With $1.3B Withdrawals as Market Sentiment Shifts
TLDR
- Crypto funds faced withdrawals totaling $1.3 billion over three consecutive days.
- Bitcoin ETFs recorded $523 million in outflows on Tuesday after rising fourfold from Monday.
- Ether ETFs doubled their losses to $422 million in one day.
- Fidelity and Grayscale reported the largest withdrawals across both Bitcoin and Ether funds.
- BlackRock ETFs saw minimal or no outflows compared with other issuers.
Crypto funds recorded sharp outflows on Tuesday as both Bitcoin and Ether ETFs lost significant investor capital. Bitcoin ETFs witnessed $523 million in outflows, while Ether ETFs saw $422 million exit in one day. Combined, these moves pushed three-day crypto funds withdrawals to $1.3 billion, reflecting weakening…
