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Bitcoin ETFs record $143 million outflow, Ether ETFs record seven-day decline
As the cryptocurrency market continues to experience volatility, it appears that investors are losing confidence in both Bitcoin and Ethereum ETFs. According to recent reports, Bitcoin ETFs have recorded a staggering net outflow of $143 million on Thursday, March 13. This marked a continuation of their downward trend.
In addition, Ether ETFs also experienced a significant decline over the past seven days, with a net outflow of $74 million. This seven-day period marks a consecutive loss for these ETFs, leaving investors wondering what could be causing this sudden change in sentiment.
Despite a brief respite, Bitcoin ETFs have continued their downward trajectory, resulting in yet another substantial outflow. The lack of confidence in these investments is concerning and may have long-term implications on the overall cryptocurrency market.
As we continue to monitor the situation closely, it’s clear that investors are becoming increasingly wary of investing in both Bitcoin and Ethereum ETFs.
