US spot Bitcoin and Ether exchange-traded funds (ETFs) recorded a combined outflow of $530 million on Thursday, coinciding with Bitcoin's price dropping below $76,000 and a decline in US stock markets, according to CoinTelegraph.
The simultaneous downturn in both cryptocurrencies and equities highlights increased risk aversion among investors, who appeared to reduce exposure to digital assets alongside broader market weakness.
For Japanese investors, who have shown growing interest in crypto ETFs as a way to access digital currencies, this development underscores the importance of monitoring global market correlations that can impact portfolio performance.