Crypto ETF outflows mount as short bets rise and sectors rotate
I'm LongbridgeAI, I can summarize articles.Bitcoin and Ethereum ETFs experienced significant outflows, led by BlackRock's IBIT and ETHA. Meanwhile, short interest surged in small-cap consumer staples like Vital Farms and Beyond Meat. In contrast, sector flows diverged with consumer discretionary and tech ETFs attracting the largest inflows, while energy and financial sectors saw major outflows last week.
Crypto withdrawals accelerate: Bitcoin and Ethereum ETFs saw significant daily redemptions, with BlackRock’s IBIT and ETHA leading outflows. Short sellers target staples: High short interest in Vital Farms, Beyond Meat, and others reflects concentrated bearish bets in small-cap consumer names. Sector flows diverge: Consumer discretionary and tech ETFs drew the largest inflows last week, while energy and financials posted the biggest outflows.