The institutional digital asset market is currently navigating a period of significant cooling, characterized by a persistent streak of net outflows from U.S. spot Bitcoin and Ethereum ETFs. Over the past 30 days, roughly $6.35 billion has exited these products, marking the most sustained period of selling since their inception. While traditional finance continues to build out infrastructure, the immediate price action reflects a broader risk-off sentiment among institutional allocators who are currently rotating away from crypto exposure.