Meanwhile, Ethereum products also saw heavy redemptions, with $240 million in outflows on Aug. 20. That brought their cumulative four-day losses to more than $925 million.
The latest wave of redemptions illustrates the weakening short-term sentiment amid Bitcoin and Ethereum’s recent price declines. According to CryptoSlate’s data, BTC and ETH prices had posted mild recoveries of around 2% each in the last 24 hours.
