According to Mars Finance, data from CoinDesk shows that US-listed spot Bitcoin and Ethereum ETFs have experienced record-breaking 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, totaling a net outflow of $6.39 billion, the longest monthly outflow since the fund was launched in January 2024. Ethereum ETFs also saw outflows of $2.76 billion during the same period. The large-scale outflows explain the price declines of both tokens. Bitcoin, which surged past $126,000 in early October last year, has nearly halved to around $67,000. Ethereum’s decline has been even more severe, dropping over 60% from its peak of more than $4,950 in August last year.
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Over $9 billion in funds flowed out of Bitcoin and Ethereum ETFs within four months
According to Mars Finance, data from CoinDesk shows that US-listed spot Bitcoin and Ethereum ETFs have experienced record-breaking 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, totaling a net outflow of $6.39 billion, the longest monthly outflow since the fund was launched in January 2024. Ethereum ETFs also saw outflows of $2.76 billion during the same period. The large-scale outflows explain the price declines of both tokens. Bitcoin, which surged past $126,000 in early October last year, has nearly halved to around $67,000. Ethereum’s decline has been even more severe, dropping over 60% from its peak of more than $4,950 in August last year.