Bitcoin ETFs See $4.4B Outflows, But Altcoin Funds Gain Favor

Bitcoin ETFs have been experiencing significant outflows over the past 13 days, totaling $4.4 billion in losses.

This massive exodus is largely attributed to large issuer dynamics, particularly BlackRock's IBIT.

However, despite these record-breaking outflows, the total assets under management have reset to levels seen in November last year, suggesting ongoing demand for crypto funds.

Capital has been rotating into alternative crypto funds such as XRP ETFs, which have seen fresh inflows nearing $1.5 billion.