Spot bitcoin and ethereum exchange-traded funds experienced significant redemptions, with bitcoin ETFs seeing net outflows of approximately $519.1 million and ethereum ETFs posting withdrawals of roughly $90.2 million in a single trading session.
The combined outflows from both cryptocurrency ETF products totaled over $609 million, signaling renewed investor caution following the recent rally in digital assets. The withdrawals suggest institutional and retail investors may be taking profits or reassessing exposure to large-cap cryptocurrencies at current price levels.
These outflows mark a departure from the inflows that characterized the market following the approval of spot bitcoin and ethereum ETFs in the United States, which had attracted sustained capital deployment into these vehicles over recent months.