US Spot Bitcoin ETFs Post $708.7M Net Outflow, Ethereum ETFs Lose $286.9M on Wednesday

US spot Bitcoin ETFs recorded a net outflow of $708.7 million on Wednesday, the largest single-day withdrawal in nearly two months, The Block reports. Ethereum ETFs saw $286.9 million in outflows the same day. BTC Markets analyst Rachael Lucas attributed the withdrawals to typical "de-risking" behavior as institutions reduce exposure amid rising macro risks.