Bitcoin and Ether ETFs Experience $582 Million in Withdrawals

Investors have withdrawn significant amounts from U.S.-listed spot bitcoin and ether ETFs due to macroeconomic uncertainties.

Bitcoin ETFs saw a net outflow of $582 million, the second-largest since their inception.
Fidelity's FBTC led with a record loss of $258 million; BlackRock's IBIT lost $124 million.
Ether ETFs experienced withdrawals totaling $159.3 million, the highest since July 26.
Market volatility is attributed to renewed fears of U.S. inflation, leading to an 8.5% drop in bitcoin's price over three days.
Federal Reserve minutes indicated a potential slowing of policy easing, raising concerns about incoming policies' inflationary effects.
Analysts anticipate a possible market upswing following the upcoming nonfarm payrolls report.