US Bitcoin exchange-traded funds (ETFs) experienced significant outflows totaling $485 million, marking the largest single-day withdrawal since June, according to CoinTelegraph. This outflow effectively wiped out the net inflows Bitcoin ETFs had accumulated in October.
Meanwhile, Ether funds continued their downward trend with a seventh consecutive session of outflows, signaling sustained investor caution in the broader crypto market. The persistent withdrawals highlight a cautious sentiment among investors towards major cryptocurrencies this month.
For Japanese investors, these movements in US crypto funds may influence local market sentiment, especially as Japan's regulatory environment and growing retail interest continue to shape demand across global crypto assets.