Over $9 billion in funds flowed out of Bitcoin and Ethereum ETFs in four months

According to CoinDesk, data shows that U.S.-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 total net outflow of $6.39 billion, marking the longest monthly outflow record since the fund's launch in January 2024. Ethereum ETFs experienced outflows of $2.76 billion during the same period. The massive outflows explain the price declines of both tokens. Bitcoin has nearly halved from its peak of over $126,000 in early October last year to around $67,000. Ethereum has seen an even steeper decline, dropping over 60% from its peak of over $4,950 last August.