Yesterday, the cryptocurrency market staged a dramatic performance of ETF fund flows! According to SoSoValue data, the total net outflow of Bitcoin spot ETFs was $227 million, as it seems investors chose to stay on the sidelines before the holiday. Grayscale ETF GBTC also did not hold back, with a single-day net outflow of $38.3853 million, and the historical net outflow has reached $21.332 billion.
However, not all ETFs are losing funds. BlackRock ETF IBIT went against the trend, with a single-day net inflow of $31.6575 million, and the historical total net inflow has reached $37.361 billion. Overall, the total net asset value of Bitcoin spot ETFs is $105.084 billion, accounting for 5.7% of Bitcoin's total market capitalization. Market conditions are ever-changing, and investors need to remain calm and analyze rationally.📊💼