Bitcoin ETFs recorded net outflows last week with $326.7 million in withdrawals against $265.2 million in inflows. BlackRock’s IBIT was the hardest hit with $186.3 million in outflows. In contrast, Ethereum ETFs showed stronger momentum with $27.42 million in inflows, while Solana, XRP, and HYPE ETFs attracted $2.82 million, $14.85 million, and $14.75 million respectively. Bitcoin’s price dropped over 4% from around $64,000 to $62,556.58. This rotation toward altcoins occurred amid rising U.S. long-term bond yields and the Federal Reserve’s decision to maintain interest rates.
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