Massive Outflows from Crypto ETFs

All major Bitcoin funds turned negative, with the largest outflows of $87 million recorded by Ark’s ARKB and 21Shares.

Ethereum ETFs showed mixed results, but due to $103 million outflows from BlackRock’s fund, they also ended up in the red: -$75 million on the last trading day.

Traditional investors seem to be spooked by the volatility seen over the past week.