Bitcoin, Ethereum ETFs bleed millions: ‘Profit-taking or nerves about the market’? – BitRss

• Bitcoin and Ether ETFs face consecutive days of outflows, signaling investor caution.
• 56% of BTC ($83,653.87) ETF inflows stem from short-term trading, highlighting speculative market behavior.

The volatility in the crypto market has not spared Exchange Traded Funds (ETFs), as investors continue to reassess their positions.

Bitcoin ETF faces outflows

Recent data from Sosovalue highlights a persistent trend of capital outflows, with Bitcoin [BTC] ETFs witnessing net withdrawals of $371 million on the 11th of March—marking the seventh consecutive day of outflows.

Meanwhile, Ethereum [ETH ($1,904.09)] ETFs faced their own challenges, registering $21.57 million in net outflows for the fifth straight day.

This ongoing trend underscores the cautious sentiment among investors amid market fluctuations, raising concerns about the near-term outlook for crypto-based investment products.

In this wave of withdrawals, BlackRock’s IBIT led the outflows at $151.26 million, followed closely by Fidelity’s FBTC, which saw $107.10 million in redemptions.

<…>