💰The U.S. BTC and ETH spot ETFs have experienced a net outflow of funds for 2 consecutive days, but the total net inflow for spot ETFs this week has exceeded $500 million.
According to the latest data from SoSoValue, the Bitcoin spot ETF had a total net outflow of nearly $277 million yesterday, marking 2 consecutive days of net outflow, while the total net inflow for Bitcoin ETFs this week reached $449 million.
In terms of outflows, Ark's Bitcoin ETF ARKB, BlackRock's ETF IBIT, Fidelity's ETF FBTC, and Grayscale's Bitcoin Trust ETF GBTC ranked in the top four, with daily net outflows of $87.01 million, $72.70 million, $71.89 million, and $57.36 million, respectively.
Meanwhile, Grayscale's Bitcoin Trust ETF BTC and Franklin's Bitcoin ETF EZBT achieved net inflows of $6.41 million and $5.61 million, respectively, in a single day.
Currently, the total net asset value of Bitcoin spot ETFs has reached $109.72 billion, accounting for 5.75% of Bitcoin's total market value, with a cumulative total net inflow of $36.05 billion.
On the same day, the Ethereum spot ETF had a total net outflow of $75.12 million, also marking 2 consecutive days of net outflow, while the total net inflow for Ethereum ETFs this week is $62.73 million.
Among them, BlackRock's Ethereum spot ETF ETHA had a single-day net outflow of nearly $104 million, bringing its cumulative net inflow to $3.34 billion.
Fidelity's Ethereum spot ETF FETH, Grayscale's Ethereum mini trust ETF ETH, and Grayscale's Ethereum Trust ETF ETHE had daily net inflows of $12.95 million, $8.10 million, and $7.51 million, respectively.
Currently, the total net asset value of Ethereum spot ETFs stands at $12.15 billion, accounting for 2.93% of Ethereum's total market value, with a historical cumulative total net inflow of $2.33 billion.
According to the latest data from Coinmarketcap, the current price of Bitcoin is $98,525, with a 24-hour increase of 3.95%; while the current price of Ethereum is $3,478, with a 24-hour increase of 6.48%.
Despite this week's hawkish remarks from Powell leading to an overall decline in the U.S. stock and cryptocurrency spot markets, cryptocurrency ETFs achieved a net inflow of over $500 million in a single week. This indicates that retail and institutional investors still hold a positive outlook on the potential value of cryptocurrencies and have higher expectations for their risk resistance and investment return potential compared to traditional financial markets.
