Latest developments: Crypto markets are under pressure as Bitcoin sits around $60,000 and ETF outflows continue.

• Bitcoin ETFs have recorded four consecutive weeks with more than $1 billion in net outflows.
• James Seyffart of Bloomberg Intelligence joined Public Keys and said roughly $9 billion has exited Bitcoin ETFs since their recent peak.
• Despite the pullback, Seyffart noted Bitcoin ETFs still hold roughly $50 billion-plus in cumulative net inflows since launch.
• Crypto prices were also weighed down by concerns surrounding a recently disclosed Zcash privacy bug and broader risk-off sentiment.

What this means: Seyffart argues investors may be overreacting to ETF redemptions.

• He compared the current period to previous ETF cycles, where strong…