Bitcoin and Ethereum ETFs post $800 million in combined outflows amid ‘extreme fear’ in market

US Bitcoin and Ethereum spot ETFs recorded a combined net outflow of $797 million on Tuesday as institutional investors adjusted holdings during a market downturn. Spot Bitcoin ETFs saw $577.74 million in outflows, marking the fifth consecutive day of negative flows totaling $1.9 billion. Spot Ethereum ETFs posted $219.37 million in outflows, led by BlackRock's ETHA. Analysts attribute this institutional recalibration to risk management following Federal Reserve Chair Jerome Powell's hawkish comments, which strengthened the dollar and pushed the crypto Fear and Greed Index into "extreme fear" territory (21). Despite the current selling pressure and volatility, some analysts maintain a long-term bullish structure for crypto, expecting rate cuts eventually, though sustained outflows could lead to further price pressure until the macro tone shifts.

(Source：The Block)