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The Block

Crypto ETFs see over half a billion dollars in outflows amid post-midterm market slide

By James Hunt

U.S. spot crypto ETFs slumped back to net outflows on Thursday, with more than $540 million in withdrawals across major products.

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Exchange-traded fund

An investment fund that holds a basket of assets, such as the shares in an index, and trades on a stock exchange like a single share.

ETFs offer low-cost, diversified investing and are a fast-growing way people save.

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Cryptocurrency

A digital currency secured by cryptography and recorded on a blockchain, without a central bank issuing it.

Crypto prices are volatile, and governments are still deciding how to regulate it.

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