Massive $1.82B Withdrawn from Bitcoin and Ether ETFs During Metal Surge

A significant $1.82 billion has been withdrawn from Bitcoin and Ether ETFs as metal markets experience a rally. Industry analyst Eric Balchunas comments on Bitcoin's prior performance.

In a striking turn of events, a total of $1.82 billion has been withdrawn from spot Bitcoin and Ether exchange-traded funds (ETFs) as investors shift focus towards a rally in metals. This sizable movement in funds highlights a notable trend in the current market landscape.

According to ETF expert Eric Balchunas, many individuals appear to overlook the remarkable performance of Bitcoin, which has outperformed virtually all other asset classes in 2023 and 2024. Balchunas emphasized, "Bitcoin spanked everything so bad," indicating that despite the recent exodus from crypto ETFs, Bitcoin has maintained its superior status in the investment arena.