U.S. spot Bitcoin ETFs recorded about $1.72 billion in net outflows over the past week, while spot Ethereum ETFs saw about $174 million in net outflows.
Bitcoin and Ethereum posted their worst weekly decline since the FTX collapse, with Bitcoin down about 17% and Ethereum down about 22% over the week.
Bitcoin remained near the $63,000 area as ETF outflows, weak liquidity and capital rotation into AI-linked equities continued to pressure crypto markets.
Analysts warned that the U.S. Treasury’s plan to rebuild its cash balance toward $1 trillion by July could drain market liquidity and add pressure on risk assets.
Joe Lubin said Ethereum Foundation cuts and departures are not a crisis, arguing that the foundation should focus more narrowly on core protocol stewardship and neutrality.
Bitcoin is trading around $63,033, while Ethereum is trading around $1,666.
The Fear and Greed Index stands at 15, indicating extreme fear in market sentiment.
