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 drops to two-week low as $300 million in longs are liquidated
The crypto market tumbled to the lowest levels in more than two weeks, with bitcoin BTC$66,212.05 dropping below $67,000 and ether (ETH) closing in on $2,000. The CoinDesk 20 Index (CD20) lost 2.2% since midnight UTC, reaching its lowest since March 9.
The fall coincided with a drop in U.S.
CoinDesk50m ago
Bitcoin traders see 53% odds of sub-$66K BTC by April 24
Key takeaways:
Bearish sentiment is rising as Bitcoin options professional traders lose confidence that the $66,000 level will hold for long.
The exit of David Sacks as the Crypto and AI czar and a lack of a clear US Strategic Bitcoin Reserve plan added to investors’ doubts.
Bitcoi
Cointelegraph1h ago
