PANews March 2 News, according to CoinDesk reports, data shows that US-listed spot Bitcoin and Ethereum ETFs have experienced record-breaking capital outflows over the past four months, indicating a significant decline in institutional interest in digital assets. Bitcoin ETFs have seen four consecutive months of outflows, with a total net outflow of $6.39 billion, marking the longest monthly outflow since the fund’s launch in January 2024. Ethereum ETFs also saw outflows of $2.76 billion during the same period.
The large-scale capital outflows explain the price declines of both tokens. Since Bitcoin broke above $126,000 in early October last year, it has nearly halved to $67,000. Ethereum’s decline has been even more severe, dropping over 60% from its high of over $4,950 in August last year.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitwise CIO: The altcoin season is over, and the future will enter a "non-traditional" cycle
Bitwise Chief Investment Officer Matt Hougan believes that the future of altcoin seasons will no longer be common, and only assets with real applications and growth momentum will profit. He pointed out that the market will become more differentiated, with investor attention focusing on Bitcoin, and mentions of altcoins dropping to a two-year low.
GateNews18m ago
Data: The number of non-zero Bitcoin wallets reaches a new high, and the exchange BTC supply drops to the lowest level since 2017.
PANews March 6 News, according to Cointelegraph, Santiment data shows that the number of non-zero Bitcoin wallets has reached a record high, while the Bitcoin supply on exchanges has dropped to the lowest level since December 2017. This trend indicates that Bitcoin adoption is increasing, with more investors choosing to store assets in offline wallets.
GateNews24m ago
The whale "pension-usdt.eth" short position of 1000 BTC narrows its unrealized loss to $2.2 million
ChainCatcher Message: According to HyperInsight monitoring, the large whale "pension-usdt.eth" is currently shorting 1,000 BTC with 3x leverage, with an average entry price of $68,182.7, and a current unrealized loss of $2.2 million.
GateNews25m ago
Analyst says Bitcoin is still in a deep bear market zone, with BTC quickly retreating after rebounding to $74,000.
Bitcoin recently experienced a brief rebound to $74,000, but analysts believe this is only a temporary correction within the bear market. Market indicators still show that it remains in a deep bear market, and although some on-chain data suggest capital is flowing back, market momentum is unstable and may remain volatile in the short term.
GateNews28m ago
