Recently, the Bitcoin Spot ETF has experience a sudden outflow of about $1.33 billion which is the highest net outflow. Also, Black Rock ETF IBIT has a net outflow of $537 million with an historical total net inflow of IBIT stood at $62.9 billion.

As of the time writing this article, the total net asset value of Bitcoin spot ETF is $115.88 billion. The ETF net asset ratio which comprises of market capitalization of 6.48% has reaches $56.49 billion. Ethereum ETFs mirrored the performance of Bitcoin ETFs seeing $611 million in net outflows during the week.

Like Bitcoin, Ethereum saw the worst outflows on Wednesday, with $298 million redeemed. Ethereum’s are struggling to maintain its momentum reflected broader trends in the cryptocurrency space, where investors sentiment appears to be shifting.