Fourth consecutive week sees negative outflows in Ethereum-based products

In the wake of the approval of spot Bitcoin ETFs in January, a staggering amount of 834,000 Bitcoins, equivalent to a value of $60.4 billion, have been transferred into these funds. According to data provided by Dune, this figure represents just 4.24% of the entire Bitcoin supply. CoinShares, on the other hand, has observed that short Bitcoin investment products have experienced outflows for three consecutive weeks, indicating a slight surrender among pessimistic investors.