PANews March 2 News, according to CoinDesk reports, data shows that US-listed spot Bitcoin and Ethereum ETFs have experienced record-breaking capital outflows over the past four months, indicating a significant decline in institutional interest in digital assets. Bitcoin ETFs have seen four consecutive months of outflows, with a total net outflow of $6.39 billion, marking the longest monthly outflow since the fund’s launch in January 2024. Ethereum ETFs also saw outflows of $2.76 billion during the same period.
The large-scale capital outflows explain the price declines of both tokens. Since Bitcoin broke above $126,000 in early October last year, it has nearly halved to $67,000. Ethereum’s decline has been even more severe, dropping over 60% from its high of over $4,950 in August last year.
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