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
Bitcoin Dip May Continue as Retail Buys Under $70K, Santiment Says
Bitcoin has shown renewed volatility as buyers and sellers clash at key levels. Retail participants have been loading up after the price dipped below $70,000, while larger holders have been trimming positions. Over a period spanning Feb. 23 to Mar. 3, Bitcoin traded roughly between $62,900 and $69,6
CryptoBreaking7m ago
ETH/BTC Ratio Locks Into Tight Range – Why the 0.03 Level Is the Key to Ethereum’s Next Big Move
The ETH/BTC ratio indicates ongoing hype in altcoin season and the continuing march of Bitcoin to new heights. Ethereum and Bitcoin are moving closely together than they have before (with little distance between them) as indicated by the ETH/BTC ratio reaching some of the tightest historical
BlockChainReporter1h ago
