Over the past week, the price of Bitcoin (BTC) has fallen by about 10%, which is not surprising given that significant outflows from U.S.-based Bitcoin ETFs on Ethereum (ETH) have been increasing each week and Ethereum ETFs continue to struggle to attract investors. Bitcoin ETFs began a negative trend on Tuesday after 12 days of inflows. A total of $277.2 million of these funds were withdrawn in five days, sending the price of Bitcoin down from a high of $65,000 to around $58,000. Ethereum ETFs have also faced a lack of adoption, seeing outflows on 11 out of 14 trading days. Trading volume for these products was very low last week, with a net outflow of $12.4 million. The price of Ethereum has fallen by over 10% in the last week and is now below $2,500.
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