Crypto Investors Hit Pause as ETFs Keep Losing Millions
U.S. Spot Bitcoin exchange-traded funds (ETFs) are experiencing sustained withdrawals, with Monday marking the fourth consecutive day of net outflows.
The largest single reduction came from BlackRock’s IBIT, which saw over $100 million exit, while other ETFs from Fidelity, Grayscale, Bitwise, VanEck, and Invesco saw smaller inflows that helped soften the overall decline.
Interestingly, these ETF outflows occurred as Bitcoin briefly surged above $111,000, only to retreat to around $108,000 early Tuesday.
Ethereum ETFs are also feeling pressure. On Monday, they recorded $145.7 million in net outflows, extending a three-day streak of withdrawals. Analysts note that the trend points to a cautious sentiment among…
