For the fourth straight week, $251 million was withdrawn from crypto investment products. This week, newly issued ETFs in the US experienced outflows for the first time.

The average purchase price of Bitcoin through these ETFs has been $62,200, but last week, the price of BTC dropped significantly, potentially triggering automatic sell orders.

The United States leads in outflows, with $504 million recorded. Canada, Switzerland, and Germany also saw outflows but in smaller amounts.

Last week, Hong Kong successfully launched spot Bitcoin and Ethereum ETFs, resulting in an inflow of $307 million in the first week.

Bitcoin saw the most significant outflow of $284 million, while Ethereum ended its seven-week outflow streak with an inflow of $30 million. Other altcoins like Solana, Litecoin, Cardano, Polkadot, and Avalanche also saw small inflows ranging from $100,000 to $600,000.