As of February 25, there is a notable decline in investor interest in ETFs linked with Ethereum and Bitcoin. The outflow of funds underscores market instability.
Significant Outflows from Ethereum ETFs
Investors withdrew 4,109 ETH from Ethereum ETFs, equivalent to $9.91 million. Bitwise led the charge, offloading 3,658 ETH valued at $8.83 million.
Bitcoin ETFs Experience Withdrawals
Bitcoin ETFs also saw significant capital withdrawal, resulting in 5,474 BTC being withdrawn, amounting to $485.98 million. Fidelity played a key role, withdrawing 2,620 bitcoins worth $232.58 million.
Challenges Persist for Ethereum ETFs
Pressure on Ethereum ETFs continues as fund outflows surged to $78.09 million by February 24. Investors continue withdrawing due to general market instability and regulatory ambiguities.
The unpredictability of the crypto market remains the main driver of mass outflows from cryptocurrency ETFs. Institutional investors are revisiting their investment strategies amid current volatility.
