Crypto ETF Outflows Continue with $137.7 Million Withdrawn

Crypto exchange-traded funds (ETFs) experienced another day of net outflows, with U.S.-listed spot Bitcoin ETFs recording $137.75 million in net redemptions on April 29. This marks the continuation of a three-day streak of withdrawals, following a strong month of inflows in April.

The recent outflows suggest that institutional investors are taking profits or reducing their exposure to the cryptocurrency market. Despite the negative flows, some ETFs recorded modest inflows, partially offsetting the broader trend.