Blackrock Drives $150M Bitcoin, Ether ETF Selling

U.S. crypto ETFs opened the week under renewed pressure, with bitcoin funds losing $65.40 million and ether ETFs extending their outflow streak to 10 consecutive sessions. The new week began much as the last one ended: with institutional investors still trimming exposure to major digital assets. Bitcoin exchange-traded funds (ETFs) recorded $65.40 million in net outflows on Monday, with the entire withdrawal coming from Blackrock’s IBIT. Every other fund was flat. Last week’s $681 million bitcoin ETF outflow was spread across several major issuers, led by Fidelity and Ark & 21Shares.