Crypto ETFs Record $609 Million in Outflows as Institutional Investors Redeem Shares
Institutional investors redeemed over $609 million from US spot crypto ETFs, with Bitcoin and Ether ETFs experiencing significant outflows. BlackRock's iShares Bitcoin Trust led the redemptions at nearly $389 million. Despite concerns about a broader retreat in institutional demand, experts note that these flows represent portfolio mechanics rather than an indictment of the underlying assets.
Tickers: $BLK
Topics: Bitcoin (BTC) ETF outflows Ether (ETH) institutional activity