๐ U.S. Spot $BTC $ETH Hit Record Lows
U.S. spot Bitcoin ETFs have plummeted to their lowest value since May 1 ๐ , falling below $50 billion after $170 million in outflows ๐ธ.
Major firms like Grayscale and Fidelity have seen significant outflows ๐, contributing to the ongoing decline ๐.
Similarly, spot Ethereum ETFs have hit their lowest recorded value ๐, experiencing a 41% drop from their initial total asset value ๐.
These outflows are happening during a bearish week for crypto prices ๐๐ป, with both Bitcoin and Ethereum funds facing multiple consecutive days of net-negative activity ๐๐.
