[78459] Record wave of outflows from Bitcoin and Ethereum ETFs in US markets

Trust crisis in the ETF markets: An unprecedented wave of withdrawals in Bitcoin and Ethereum

The digital currency market in the United States is experiencing a significant shock, as Bitcoin exchange-traded funds (ETFs) are recording a historic streak of capital outflows. According to BITCOIN & CRYPTO POST, in the last 10 trading days, capital outflows totaling $2.97 billion were recorded, a figure that represents the "longest daily outflow streak ever recorded."

Reports indicate a broad trend also affecting the Ethereum market. According to various sources including Futures Trading & Crypto, Bitcoin | Finance | Crypto and Stocks, Shares, Trading & Crypto, in the last day alone, net withdrawals of approximately $223.3 million were recorded from Bitcoin funds, alongside approximately $121.4 million from Ethereum funds.

In a weekly summary (between May 25 and 29), the numbers illustrate the scale of the pressure in the markets: approximately $1.42 billion left Bitcoin funds, while Ethereum funds recorded outflows of approximately $241.45 million. Crypto Trading & Financial News confirmed the data regarding the 10-day streak, while Investing & Financial | Crypto relied on SoSoValue data to point out that it is a streak of nine consecutive days of outflows, a figure indicating high volatility and negative sentiment among both institutional and private investors.

These sources, typically associated with technical analysis and real-time financial reporting, present a bleak picture of the market, highlighting growing concerns among digital asset holders in the current period.