Digital asset exchange-traded funds (ETFs) and similar institutional investment vehicles experienced a dramatic wave of redemptions last week, reporting combined outflows of $713 million. This significant capital flight is directly correlated with widespread market turmoil and a sharp correction in the prices of major cryptocurrencies.
The vast majority of the withdrawals were concentrated in Bitcoin-focused products, which accounted for approximately $680 million of the total outflows. This figure represents one of the largest weekly drawdowns for the sector since the introduction of spot Bitcoin ETFs in the United States, signaling that institutional investors are quickly de-risking their positions.
Ether (ETH) investment products also suffered, albeit on a smaller scale, recording nearly $33 million in net outflows. Analysts point to heightened macroeconomic uncertainty, persistent high interest rate expectations from central banks, and a broader ‘risk-off’ sentiment across global financial markets as the primary catalysts for the institutional retreat. The sustained price weakness in both BTC and ETH appears to have triggered a mass exodus from these formerly high-growth institutional instruments.
Source: Bitcoin, ether ETFs report combined $713 million in outflows amid market turmoil
コメント