Crypto ETFs saw $2 billion in outflows last week, marking the largest weekly outflow since February.

According to a report by The Kobeissi Letter on the X platform, as reported by Odaily Planet Daily, crypto ETFs saw a $2 billion outflow last week, the largest weekly outflow since February. This marks the third consecutive week of outflows, totaling $3.2 billion.

Of these, Bitcoin ETFs saw outflows of $1.4 billion, and Ethereum ETFs saw outflows of $689 million. Over the past month, the average daily outflow as a percentage of total assets under management has risen to an all-time high. Affected by price declines and capital outflows, total assets under management have fallen 27% from their October peak to $191 billion.