Over $9 billion flowed out of Bitcoin and Ethereum ETFs within four months
PANews, March 2 — According to CoinDesk, data shows that US-listed spot bitcoin and ethereum ETFs have experienced record outflows over the past four months, indicating a significant decline in institutional interest in digital assets. Bitcoin ETFs have seen outflows for four consecutive months, with a cumulative net outflow of $6.39 billions, marking the longest monthly outflow streak since the fund's launch in January 2024. Ethereum ETFs saw outflows of $2.76 billions over the same period.
The large-scale outflows explain the price declines of both tokens. Bitcoin, after surpassing a high of $126,000 in early October last year, has nearly halved to $67,000. Ethereum's drop has been even more severe, falling more than 60% from its high of over $4,950 in August last year.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Pump.fun has sold a total of 5.3479 million SOL, worth $861 million.
Nymex US crude oil futures main contract breaks above $90 per barrel
The main Nymex US crude oil futures contract has just surpassed the $90.00 per barrel mark, now quoted at $90.01 per barrel, up 0.64% on the day.
Hot Review: Market Confusion Intensifies, IEA to Finalize Diesel Reserve Release Details Next Week
(1) The G7 agreed last week to release 100 million barrels of reserves, and the IEA Council is expected to discuss details of the reserve release on October 14-15. (2) The EU's Oil Coordination Group will meet on Wednesday to determine the EU's position. According to sources, Western energy watchdog agencies will meet next week to finalize details regarding the release of diesel reserves. The market is becoming increasingly confused, as it remains unclear how much inventory Europe and the US plan to release to alleviate supply shortages and record-high prices. (3) A source said that G7 member Italy will participate in this reserve release. A spokesperson for the European Commission stated on Tuesday that the EU Oil Coordination Group will meet on Wednesday. The White House did not immediately respond to a request for clarification on the details of this reserve release.
BHP evaluates options for disposal of Western Australia nickel assets, decision expected by February 2027
Sources report that BHP (BHP.US) is evaluating multiple options for divesting its Western Australia nickel assets, including an asset spin-off sale. The related operations remain temporarily suspended, and the company expects to complete this strategic review by February 2027.
Crypto prices
More
