[Analyst: Institutional investors tightening risk exposure amid heightened macroeconomic uncertainty] BlockBeats news, January 22, according to The Block, U.S. spot Bitcoin ETFs saw a net outflow of $708.7 million yesterday, marking the largest single-day outflow in nearly two months. Ethereum ETFs experienced a net outflow of $286.9 million yesterday. Against the backdrop of heightened macroeconomic uncertainty, institutional investors are further reducing their risk exposure. BTC Markets crypto analyst Rachael Lucas stated that Wednesday's outflows are more indicative of typical 'de-risking' behavior. She noted that when the macro environment turns unfavorable, such as rising interest rates, escalating geopolitical risks, or sudden market volatility, institutional investors tend to withdraw funds from high-beta assets first. This is not a signal of structural weakness but rather institutions tightening their risk exposure ahead of uncertainty, which does not imply abandoning the crypto asset class altogether.