Bitcoin and ether exchange-traded funds (ETFs) experienced substantial outflows totaling $666.56 million over the past week. Bitcoin ETFs accounted for $418.25 million of the outflows, with Fidelity's FBTC leading the losses at $300.41 million. Blackrock's IBIT and Bitwise's BITB also saw significant outflows of $37.25 million and $23.79 million, respectively.
Ether ETFs were not spared, recording $248.31 million in outflows. Blackrock's ETHA was the hardest hit, losing $199.87 million, while Fidelity's FETH saw $74.39 million in redemptions. Despite minor inflows into Grayscale's ETHE and 21Shares' TETH, this marks the fifth consecutive day of outflows for ether ETFs.
Bitcoin and Ether ETFs Face $666.56 Million Outflows in One Week
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