Institutions Exit Crypto as ETFs See Billions in Outflows
While the market delivered mixed performance this year, Bitcoin and Ethereum ETFs broadly tracked the same flow cycle.
Institutions allocated aggressively when the macro ooked clear and risk appetite was strong, helping fuel the rally and channel capital into payments and RWAs.
When macro turned uncertain, the bid faded and inflows flipped to outflows, showing institutional crypto exposure is still a broader risk-on trade tied to global financial conditions, not a steady long-term allocation.
In 2026, if macro stabilizes, the Fed moves