According to Lookonchain, there have been significant outflows in cryptocurrency ETFs with Bitcoin ETFs experiencing a net outflow of 5,474 BTC valued at approximately $485.98 million. Fidelity alone accounted for an outflow of 2,620 BTC, which is about $232.58 million, yet still holds a substantial 204,180 BTC valued at $18.13 billion. Ethereum ETFs saw a net outflow of 4,109 ETH worth $9.91 million, with Bitwise contributing to 3,658 ETH outflows valued at $8.83 million, maintaining a holding of 98,642 ETH valued at $238 million. These outflows may indicate a shift in institutional sentiment or portfolio rebalancing.