Crypto ETFs Bleed Capital as Political Turmoil Erodes Market Trust
TLDR
- Spot Bitcoin crypto ETFs recorded $40.47 million in net outflows on Monday.
- BlackRock’s IBIT led Bitcoin ETF losses with $100.65 million in outflows.
- Fidelity’s FBTC and Bitwise’s BITB saw small inflows despite overall decline.
- Ether crypto ETFs posted $145.68 million in outflows for a third straight day.
- BlackRock’s ETHA recorded the largest Ether ETF withdrawal at $117.86 million.
Spot Bitcoin and Ethereum exchange-traded funds (crypto ETFs) recorded further outflows on Monday as political instability deepened. Investors pulled back sharply amid growing distrust in US governance and heightened macroeconomic uncertainty. As political demonstrations expanded across the country, crypto ETFs continued to face…
