In Brief Bitcoin spot ETFs saw $713 million in outflows last week, marking a 314% surge from the prior week’s $172.69 million. BlackRock’s IBIT suffered the largest outflow, losing $343 million, nearly half of the total withdrawals from BTC funds. The derivatives market sees a decline in open interest, signaling short-term caution, while positive funding…
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In Brief Ethereum-backed ETFs saw their seventh consecutive week of net outflows, with $82.47 million withdrawn in the past week. ETH price dropped by 11% last week, with bearish indicators suggesting a potential drop below $1,500. Lack of institutional support and selling pressure may prevent a short-term price rebound for Ethereum. Ethereum ETFs have closed…
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