Crypto funds bleed: Bitcoin and Ether ETFs shed nearly $1B
Spot Bitcoin ETF outflows jumped over 300% to $533 million on Tuesday, while Ether ETFs doubled their losses to $422 million, adding to a three-day streak of withdrawals.
Cryptocurrency investment products expanded their losses on Tuesday, with Bitcoin fund outflows surging more than 300% and Ether losses doubling, both ranking as the second-largest outflows this month.
Spot Bitcoin (BTC) exchange-traded funds (ETFs) saw $523 million in outflows on Tuesday, rising more than fourfold from Monday, according to Farside Investors data.
Ether (ETH) ETFs also recorded major losses, with outflows doubling from $200 million on Monday to $422 million.
