Crypto ETFs saw $2 billion in outflows last week, marking the largest weekly outflow since February.
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TL;DR
Crypto ETFs had $2 billion in outflows last week, the largest since February, with Bitcoin and Ethereum ETFs contributing significantly. This marks the third straight week of outflows, totaling $3.2 billion, and assets under management have dropped 27% from their peak.
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ETFCrypto ETFsOutflowsBitcoin ETFEthereum ETFAssets Under Management
According to Mars Finance, The Kobeissi Letter, a capital commentary media outlet, published an article on the X platform stating that crypto ETFs experienced outflows of $2 billion last week, marking the largest weekly outflow since February. This signifies the third consecutive week of outflows, totaling $3.2 billion. Of this, the Bitcoin ETF saw an outflow of $1.4 billion, and the Ethereum ETF saw an outflow of $689 million. Over the past month, the average daily outflow as a percentage of total assets under management has risen to an all-time high. Affected by price declines and fund outflows, total assets under management have fallen 27% from their October peak to $191 billion.