๐ Crypto Market Shake-Up: Major Withdrawals from Bitcoin & Ether ETFs!
- Investors pulled a whopping $582M from U.S.-listed Bitcoin ETFs, marking the second-largest outflow since their inception. Fidelity's FBTC and BlackRock's IBIT led the pack with significant withdrawals.
- Ether ETFs weren't spared, seeing $159.3M in outflows, the largest since July.
- The backdrop? Rising U.S. inflation fears and bond market volatility, pushing risk assets lower. Bitcoin's price dropped nearly 8.5% recently.
- Analysts are eyeing Friday's U.S. employment report for clues on the market's next move.
๐ฌ What are your thoughts on the future of crypto ETFs? Share below!