Bitcoin and Ether ETFs See Outflows as Institutional Interest Wanes
Spot bitcoin funds lost $95 million and ether funds $52 million on Thursday, breaking ether's five-day inflow streak.
Spot bitcoin exchange-traded funds (ETFs) experienced net outflows of approximately $95 million on Thursday, while ether ETFs saw about $52 million in outflows, according to data from CoinDesk. The movement ended a five-day streak of inflows for ether funds, which had been a bright spot in crypto institutional flows.
The outflows occurred even as cryptocurrency prices rallied, suggesting that institutional investors may be taking profits or reducing exposure despite the broader market uptrend. The data underscores the continued volatility in demand for digital asset funds.
Market Context
The latest figures highlight the shifting sentiment among institutional investors. While ether funds had attracted consistent inflows for five days prior, the reversal on Thursday wiped out some of those gains. Bitcoin ETFs have seen mixed flows in recent weeks, with occasional days of inflows punctuated by larger outflows.