BTC & ETH ETFs Face Major Outflows on March 13
Bitcoin and Ethereum ETFs saw significant outflows on March 13, with BTC losing $135.2M and ETH $73.6M.
News
- BTC ETFs saw $135.2M in net outflows.
- ETH ETFs experienced $73.6M in net outflows.
- Investors sold 1,620 BTC and 38,590 ETH.
On March 13, Bitcoin ETFs witnessed a net outflow of $135.2 million, indicating a shift in investor sentiment. This resulted in the sale of approximately 1,620 BTC, potentially affecting short-term price movements.
Ethereum ETFs Lose $73.6M
Ethereum ETFs also faced heavy withdrawals, with investors pulling out $73.6 million. Around 38,590 ETH were sold, reflecting cautious Market behavior and potential concerns over regulatory or macroeconomic factors.
Market Impact & Investor Sentiment
The outflows highlight a cooling in demand for crypto ETFs, possibly due to profit-taking, regulatory uncertainties, or changing macroeconomic conditions. While Bitcoin and Ethereum remain dominant assets, fluctuations in ETF flows can influence short-term market trends.
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