💰Following the decline in the spot market, the US BTC and ETH spot ETFs saw their first net outflows yesterday
According to the latest data from SoSoValue, the Bitcoin spot ETF saw a single-day net outflow of $680 million yesterday, setting a new record for single-day outflows. This is also the first net outflow of funds in the past 15 days.
In terms of capital outflows, Fidelity's Bitcoin ETF FBTC, Grayscale's Bitcoin Fan Trust ETF BTC, Ark&21Shares' ETF ARKB, Grayscale's Bitcoin Trust ETF GBTC and Bitwise's ETF BITB ranked in the top five, with single-day net outflows of nearly $209 million, nearly $189 million, $108 million, $87.86 million and $43.61 million, respectively.
Currently, the total net asset value of Bitcoin spot ETFs has reached $109.66 billion, accounting for 5.74% of the total market value of Bitcoin, and the cumulative total net inflow is $36.33 billion.
On the same day, the Ethereum spot ETF had a net outflow of $60.47 million, achieving its first net outflow in the past 18 days.
Among them, Grayscale's Ethereum Trust ETF ETHE, Bitwise's Ethereum ETF ETHW, Grayscale's Mini Trust ETF ETH and Invesco's ETF QETH had net outflows of $58.13 million, $6.78 million, $3.18 million and $2.36 million respectively yesterday.
Fidelity's Ethereum ETF FETH and VanEck's Ethereum ETF ETHV had net inflows of $5.05 million and $4.94 million respectively.
Currently, the total net asset value of Ethereum spot ETFs is $11.98 billion, accounting for 2.94% of Ethereum's total market value, and the total net inflow is $2.4 billion.
As of now, according to the latest data from Coinmarketcap, the current price of Bitcoin is $97,939, down 3.55% in the past 24 hours; while the current price of Ethereum is $3,405, down 7.82% in the past 24 hours.
🗣Viewpoint:
In summary, yesterday's Bitcoin and Ethereum spot ETFs experienced overall net outflows, mainly due to the failure of BlackRock, one of the world's largest asset management companies, to continue the daily total net inflows of the previous two days, which may trigger the market to re-evaluate cryptocurrency ETFs.
Therefore, investors need to pay close attention to the dynamics of key players and their potential impact on market trends. In the future, as the market continues to mature and retail and institutional investors increase, such fluctuations in capital flows may occur more frequently.
