Bitcoin news today: Over $9 billion flees BTC and ETH ETFs in four months

U.S.-listed spot Bitcoin and Ether ETFs have seen record outflows over the last four months, totaling $6.39 billion from Bitcoin ETFs and $2.76 billion from Ether ETFs, confirming a significant downturn in institutional appetite for digital assets. This withdrawal trend correlates with substantial price drops for both cryptocurrencies; Bitcoin fell from a peak of over $126,000 to $67,000, while Ether dropped over 60% from its high of $4,950. These ETFs were a key source of institutional activity following their launch in early 2024 and after Donald Trump's election victory, which previously fueled a bull run. However, demand evaporated after an early October crash, supposedly triggered by pricing issues on Binance. While recent days have seen minor inflows, analysts stress that a sustained trend is necessary for a meaningful market recovery.

(Source：CoinDesk)