U.S.-listed spot Bitcoin and Ether exchange-traded funds (ETFs) have experienced record outflows totaling over $9 billion in the past four months. Investors have withdrawn $6.39 billion from Bitcoin ETFs, marking the longest losing streak since their launch in January 2024. Ether ETFs have seen outflows of $2.76 billion over the same period. These significant withdrawals indicate a collapse in institutional appetite for digital assets, contributing to price declines for both Bitcoin and Ether. Bitcoin has fallen from its peak of over $126,000 to approximately $67,000, while Ether is down over 60% from its August high of $4,950.
Traditional markets also faced pressure as oil prices surged and global equities slipped amid geopolitical tensions. Bitcoin's recent rally faded, with the token falling to around $66,700. Analysts suggest that sustained inflows are necessary for a meaningful market recovery.