Bitcoin and Ethereum funds experienced significant net outflows as prices dropped this week. In our weekly ETF recap, we observed a notable trend in investors moving their funds out of these cryptocurrencies.
The decline in prices for both Bitcoin and Ethereum led to a decrease in investor confidence, resulting in substantial net outflows from their respective funds. This indicates a shift in sentiment towards these cryptocurrencies as investors look for safer investment opportunities.
Overall, the market for Bitcoin and Ethereum funds saw a negative trend this week, with investors choosing to divest their holdings amidst the price decline. It remains to be seen how these outflows will impact the overall market for these cryptocurrencies in the coming weeks.