Spot bitcoin ETFs shed $1.26 billion in worst week since late January as ether funds see 10-day outflow streak
Spot Bitcoin ETFs experienced their worst week since late January, losing $1.26 billion as Ethereum funds extended a 10-day outflow streak. BlackRock's IBIT saw net assets drop to $61.1 billion despite $64.8 billion in cumulative inflows, signaling investor profit-taking. The outflows reflect growing caution amid market volatility, potentially impacting institutional adoption momentum in India's emerging crypto investment landscape.
Key takeaways
- 1Spot Bitcoin ETFs lost $1.26 billion in their worst week since late January.
- 2BlackRock's IBIT dropped to $61.1 billion net assets despite $64.8 billion cumulative inflows.
- 3Ethereum funds faced a 10-day outflow streak amid growing market volatility concerns.
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Why it matters
These outflows signal investor profit-taking and reduced institutional confidence during market volatility, which could slow institutional crypto adoption momentum in India's developing digital asset investment ecosystem.
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