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Bitcoin and Ethereum Spot ETFs Witness Net Outflow of Nearly US$800 Million on Tuesday, as Analysts Note Institutional Position Readjustments
1 week ago /
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Author：小编
On Tuesday, during a market downturn, institutional investors embarked on a significant repositioning, resulting in a combined net outflow of US$797 million from U.S.-based Bitcoin and Ethereum spot exchange-traded funds (ETFs). Specifically, spot Bitcoin ETFs saw a net outflow of US$577.74 million, marking the largest single-day withdrawal since August 1st. Meanwhile, spot Ethereum ETFs experienced a net outflow of US$219.37 million. Rachael Lucas, a cryptocurrency analyst at BTC Markets, commented that the consecutive five-day outflow of funds indicates a decisive shift in institutional investment stances, reflecting a broader trend of portfolio realignment.
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