BlackRock's IBIT now holds $61.1 billion in net assets against $64.8 billion in cumulative inflows, a difference of roughly $3.7 billion.

Bitcoin ETFs lost $70.4M and Ethereum ETFs shed $28.1M in consecutive outflows totaling $98.5M, signaling a short-term cooling in institutional crypto demand.

Crypto ETF markets remained under pressure on Wednesday as bitcoin funds extended their losing streak to four consecutive sessions.