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While Bitcoin Maintains $80,000 Levels, Significant Outflows From ETFs Are Seen! Here are the details
According to the latest market data, U.S. spot Bitcoin exchange-traded funds experienced significant investor outflows on Tuesday ler( )ETF, with total net outflows reaching $170 million. The largest outflow came from Fidelity's FBTC, which withdrew $114 million from the fund alone.
U.S. Spot Bitcoin ETFs See $170 Million Outflow, Led by Fidelity's FBTC
Amid large outflows, increased market volatility, and macroeconomic uncertainty, investors appear to be adopting a more cautious stance on risky assets, including cryptocurrencies.
Meanwhile, spot Ethereum ETFs also recorded sustained losses, with a total net outflow of $12 million. This marks the seventh consecutive day of withdrawals from Ethereum-focused ETFs, signaling a continued bearish trend toward the second-largest cryptocurrency by market cap.
Back-to-back outflows from both the Bitcoin and Ethereum ETFs highlight a broader cooling in crypto investment appetite following a heated rally earlier this year.
Analysts note that concerns over interest rates, regulatory clarity, and shifting macro conditions are impacting institutional flows in the digital asset space.
Despite recent price corrections, long-term sentiment towards spot crypto ETFs remains cautiously optimistic, especially with pending regulatory developments and increasing mainstream adoption on the horizon.