Over the past four months, Bitcoin and Ethereum spot ETFs listed in the United States have experienced record-breaking outflows, signaling a broad decline in the cryptocurrency market. Investors have withdrawn $6.39 billion from Bitcoin ETFs, marking the longest monthly loss since their launch in January 2024; Ethereum ETF outflows also reached $2.76 billion. The withdrawal of institutional investors has led to a significant drop in prices, with Bitcoin falling from over $126,000 in early October to approximately $67,000, and Ethereum prices dropping more than 60% from the peak of over $4,950 in August 2023.
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Over the past four months, Bitcoin and Ethereum spot ETFs listed in the United States have experienced record-breaking outflows, signaling a broad decline in the cryptocurrency market. Investors have withdrawn $6.39 billion from Bitcoin ETFs, marking the longest monthly loss since their launch in January 2024; Ethereum ETF outflows also reached $2.76 billion. The withdrawal of institutional investors has led to a significant drop in prices, with Bitcoin falling from over $126,000 in early October to approximately $67,000, and Ethereum prices dropping more than 60% from the peak of over $4,950 in August 2023.