The price of bitcoin dropped to its lowest point in the past two weeks — falling 5.18% in the past 24 hours to trade at $61,380 as of 1:50 p.m. Hong Kong time, according to The Block’s Price Page. Ether fell 7.8% to $3,090.

While the two largest cryptocurrencies have fallen back to their value in the last week of February, all other top 10 non-stablecoin crypto tokens in terms of market capitalization have also declined on Wednesday in Asia.

The price fall coincided with significant outflows from spot bitcoin exchange-traded funds (ETFs). On Tuesday, U.S. spot bitcoin ETFs experienced $326.2 million in outflows, the largest since their debut. GBTC alone saw $444 million exit the fund, while other ETFs saw weaker inflows, according to data from Farside.

Move to Solana

Aside from ETF …