Bitcoin and Ethereum ETFs shed $530 million in a day amid $3 trillion Wall Street wipeout
Bitcoin and Ethereum ETFs saw $530 million in net outflows on November 5, with six funds recording withdrawals as a $3 trillion Wall Street selloff spilled into crypto. The exodus cut short what had been a nascent recovery in ETF demand earlier in the week. Traders watch ETF flows as a proxy for institutional appetite, so sustained outflows could keep pressure on BTC and ETH prices.