Onchain Insider

Cryptocurrency ETFs recently experienced $742 million in outflows 😱 — Fidelity, BlackRock, and Grayscale were among the hardest hit.

What triggered this sell-off? 🧐

- Bitcoin ETFs saw a $582.9 million drop, led by Fidelity’s FBTC with $258.69 million in outflows.
- Ether ETFs lost $159.34 million, with FETH accounting for $147.68 million of the decline.
- Total crypto ETF reserves now stand at $118.56 billion for BTC + ETH.

Cryptocurrency ETFs faced significant outflows, totaling $742 million, with Bitcoin ETFs taking the hardest hit. Fidelity's FBTC and Grayscale saw major declines. The sell-off was triggered by various factors, leading to a drop in total crypto ETF reserves, now standing at $118.56 billion for Bitcoin and Ethereum.