Investors have pulled more then $1 billion out of US spot Bitcoin exchange traded funds (ETFs) for the second week in a row. Across the entire U.S. Spot market funds lost about $1.55 billion combined as nervous traders stepped back from risky market.

Major losses for Bitcoin and Ethereum

Spot Bitcoin ETFs saw roughly $1.07 leave their funds last week. This came right after $1.28 billion drop the weak before, meaning investors have pulled about $2.35 billion from funds in a time of just 2 weeks.

On the other hand Ethereum funds also struggled. Spot Ethereum ETFs lost nearly $300 million, continuing a multi week streak of withdrawal as crypto prices dipped more.

And according to the data from SoSovalue, which track 15 different category of digital assets funds, almost every part of the market lost money. Avalanche (AVAX) funds were the single exception. They managed to bring in $227,000 in new money, making them only category with positive inflow for the week.

Why investors keeps pulling back

The heavy selling happened as the price of Bitcoin slipped below $65,000, there are several factors which are making investors cautious right now:

• Traders are keeping it safe ahead of upcoming federal reserve meeting and interest rate decisions.

• Sudden price drops forced many leveraged traders to sell off their positions, which cause price pushing down even more.

• Big institutional buyers are waiting on sideline until market settles down.

For now the steady flow of money that pushed crypto ETFs to record high earlier has paused, leaving tradwrs watching closely to see when buyers will return.

Now what are you saying about even more drop in market? what is it's planning next ? let me know in comments section!

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