US spot BTC, ETH ETFs see 4th straight month of outflows totaling $9.15B

U.S.-listed spot Bitcoin and Ethereum (ETH) exchange-traded funds (ETFs) have experienced their fourth consecutive month of net outflows, CoinDesk reported. Citing data from SoSoValue, the report noted that spot Bitcoin ETFs saw $6.39 billion in outflows over the past four months, marking the longest streak of monthly net outflows since their launch in January 2024. During the same period, spot ETH ETFs recorded $2.76 billion in outflows. CoinDesk added that these outflows suggest a sharp decline in institutional investor interest in digital assets, a sentiment reflected in the price drops of both tokens.