Ethereum Hit Harder Than Bitcoin as $952 Million Exits Crypto Funds—Here’s Why
Crypto funds saw $952 million in outflows last week, driven by US regulatory delays impacting institutional sentiment, with Ethereum suffering the largest losses.Summary
Digital asset investment products experienced their first weekly outflows in four weeks, totaling $952 million, primarily due to stalled progress on the US Clarity Act, which has prolonged regulatory uncertainty for the asset class. This caution was overwhelmingly concentrated in the US, which accounted for $990 million in total outflows, contrasting with inflows seen in Canada and Germany.
Ethereum was hit the hardest, recording $555 million in outflows, as market participants view it as most exposed to the outcome of US crypto legislation regarding the definition of a digital commodity versus a security. Bitcoin followed with $460 million in outflows. Despite these weekly losses, Ethereum's year-to-date inflows remain strong.
However, the data suggests selective support, as Solana and XRP recorded inflows, indicating that the outflows were not a broad exit from all digital assets but rather a reaction to regulatory ambiguity affecting major assets like Ethereum and Bitcoin.
(Source：BeInCrypto)