Bitcoin and Ether ETFs Record Highest Outflows Since November Amid BTC Price Drop

U.S.-listed spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) have experienced their most significant capital withdrawals since November 20, coinciding with a notable decline in the price of Bitcoin. Data from Farside Investors reveals a substantial net outflow from these investment vehicles, signaling a shift in investor sentiment. The outflows from major funds like Grayscale's GBTC, alongside reduced inflows into products from issuers such as BlackRock's IBIT and Fidelity's FBTC, contributed to this trend. This movement occurs as BTC price action shows increased volatility and downward pressure, prompting investors to reassess their short-term holdings in cryptocurrency ETFs.