US spot Bitcoin and Ethereum ETFs saw outflows, with BTC ETFs losing $40.47 million and ETH ETFs losing $145.68 million in daily net outflows.

“No Kings” protests against Trump sweep the US, criticizing the government shutdown and accusing the administration of authoritarianism.

Chief investment officer at Kronos Research notes a de-risking phase in the market, with investors locking in profits and being cautious due to US political turbulence.

ETFs reflect reduced risk appetite, with thinner bid depth and elevated volatility expected until clearer policy direction is provided.

Read more at Cointelegraph: Spot Bitcoin, Ethereum ETFs Extend Outflows Amid US Political Turmoil