💰This Monday, the US BTC spot ETF experienced a net outflow of $426 million, while the Ethereum ETF saw an outflow of $55.41 million.
According to the latest data from SoSoValue, the Bitcoin spot ETF faced a total net outflow of $426 million in a single day on Monday, marking the second consecutive day of net outflows following last Friday.
In terms of fund outflows, Fidelity's Bitcoin spot ETF FBTC, Grayscale's Bitcoin Trust ETF GBTC, BlackRock's ETF IBIT, Grayscale's Bitcoin Mini Trust ETF BTC, and BitWise's Bitcoin spot ETF BITB recorded single-day net outflows of approximately $155 million, $135 million, $36.52 million, $31.73 million, and $31.37 million respectively.
On that day, among the 12 Bitcoin spot ETFs, there were no net inflows.
Currently, the total net asset value of Bitcoin spot ETFs has reached $106.24 billion, accounting for 5.69% of the total Bitcoin market capitalization, with a cumulative total net inflow of $35.24 billion.
On the same day, the Ethereum spot ETF experienced a total net outflow of $55.41 million, marking the first day of net outflow after four consecutive days of net inflow.
In terms of fund outflows, Fidelity's Ethereum spot ETF FETH, Grayscale's Ethereum Trust ETF ETHE, Grayscale's Ethereum Mini Trust ETF ETH, and Franklin's Ethereum spot ETF EZET recorded single-day net outflows of $20.41 million, $13.75 million, $17.36 million, and $3.88 million respectively.
Additionally, among the 9 Ethereum ETFs on that day, there were no net inflows.
Currently, the total net asset value of Ethereum spot ETFs is $12.27 billion, accounting for 3.00% of the total Ethereum market capitalization, with a historical cumulative total net inflow of $2.62 billion.
Conclusion:
On Monday, both the Bitcoin and Ethereum spot ETFs in the US experienced net outflows, reflecting potential fluctuations in market sentiment towards Bitcoin and Ethereum investments.
Despite this, the total net asset value of Bitcoin and Ethereum spot ETFs remains at a high level, indicating the long-term value of these two cryptocurrencies in the eyes of investors.
Moreover, from the perspective of Bitcoin's monthly average performance, it is highly likely that the Bitcoin spot market will see a good upward trend starting in January.
