Bitcoin, Ether Prices Hit by ETF Selling as 2-Day Outflows Near $1 Billion

U.S. bitcoin ETFs lost another $244.13 million on Thursday, while ether funds shed $72.54 million for an eighth straight day of redemptions. Combined outflows from the two largest crypto ETF categories have reached roughly $965 million in just two sessions. The pressure on institutional crypto positioning intensified on Thursday, and trading activity rose with it. Bitcoin ETFs followed Wednesday’s heavy withdrawal with another $244.13 million exit. Fidelity’s FBTC accounted for most of the selling, losing $197.09 million. Meanwhile, Ark and 21Shares’ ARKB shed $20.29 million, Bitwise’s BITB lost $17.71 million, and Grayscale’s GBTC recorded an $8.20 million outflow.

Source: Bitcoin.com News