It's interesting to observe how large withdrawals from crypto ETFs have been happening recently. Last week, the world's largest investment firm recorded a withdrawal of about $443 million from their spot products on Bitcoin and Ethereum. More than half of this amount came from Bitcoin ETFs.

Interestingly, at the beginning of the week, there was the opposite — an inflow of $160 million, but then sentiment suddenly shifted. Especially strong selling pressure occurred at the end of the week, when $201 million was withdrawn in a single day. This shows how quickly institutional demand can change.

Ethereum ETFs were hit even harder — $285 million was withdrawn, with withdrawals happening almost every day. The biggest single-day outflow was $140 million. This contrasts with Bitcoin, which at least saw some days of inflows. It seems confidence in Ethereum is falling faster.

Overall, the market is clearly facing uncertainty. Investors are reducing risks instead of adding exposure. Meanwhile, Bitcoin remains around $77,000–$78,000, while Ethereum finds it harder to stay above $2,300. Crypto ETFs are clearly reflecting this pessimism at the moment.