Almost $1.5 Billion Withdrawn From Bitcoin and Ethereum ETFs in a Single Week

It’s almost an understatement at this point, as the spot Bitcoin ETFs started in November on the wrong foot, and the losses were exacerbated over the past week, with more than $1 billion in net withdrawals. The landscape around the Ethereum counterparties is identical, but there was a tiny light at the end of the tunnel on Friday. BTC ETFs Bleed $2.3B in 2 Weeks Given the price calamity that the underlying asset went through in the past ten days — more precisely, dumping from $81,000 to $62,000 — we already listed the net outflows from the spot BTC ETFs as one of the possible reasons behind the crash. In this article, we will explore in greater detail the actual losses.

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