US spot Bitcoin and Ether ETFs see $549 million in weekly net outflows

US spot Bitcoin and Ether exchange-traded funds (ETFs) reported $549 million in net outflows last week, as investors continued withdrawing capital from the sector’s leading digital asset funds. According to data from SoSoValue, Bitcoin ETFs lost $229 million over the week, while Ether ETFs saw even deeper outflows of $320 million. Both asset classes faced continued selling pressure, with the latest movements marking a second straight week of net outflows for Bitcoin funds and a third for Ether products.

Also reported by Cointribune.

Source: CoinTurk News