Bitcoin and Ethereum ETFs Suffer Monumental Outflows – Who’s Buying This Dip?
Oh, and before you think Bitcoin’s woes were an isolated incident, brace yourself. Ethereum ETFs had a particularly miserable time as well, suffering an additional $248 million in outflows. This marks the fifth consecutive day of investors saying “No thanks” to the ether, led by Fidelity’s FETH, which waved goodbye to a hefty $158 million. The kind of financial exodus that makes one wonder if these investors are going on some sort of group vacation to nowhere.