Bitcoin & Ethereum Spot ETFs See Significant Outflows

US spot Bitcoin and Ethereum ETFs recorded significant net outflows on Wednesday, totaling approximately $471 million for Bitcoin ETFs and $81.44 million for Ethereum ETFs, with no Bitcoin funds posting inflows. This movement is attributed to growing concerns over macroeconomic conditions, such as rising interest rates and inflation, which are causing investors to reduce risk exposure in volatile assets like crypto ETFs. The data coincided with the Crypto Fear & Greed Index dropping to 34, signaling 'fear.' While most Ethereum ETFs saw outflows, BlackRock's ETHA was the sole exception with net inflows. Furthermore, a notable $46.5 million inflow into a spot Solana ETF suggests a shift toward alternative crypto assets. These large outflows highlight the fragility of investor confidence in the nascent crypto ETF ecosystem under macro stress and could pressure underlying asset valuations if the trend continues.

(Source：BeInCrypto)