Spot Bitcoin and Ethereum ETFs are experiencing significant net outflows one after another. On December 30 alone, there was a net outflow of $426 million from Bitcoin ETFs and $55 million from Ethereum ETFs. Grayscale’s GBTC and ETHE funds are also on the agenda with large outflows, which reveals the change in investor behavior.
In the US, consecutive net outflows continue in spot Bitcoin $92,808.1 and Ethereum $3,355.6 ETFs. On December 30, there was a total net outflow of $426 million from spot Bitcoin ETFs. This is drawing attention after two consecutive days of net outflows. Grayscale’s Bitcoin ETF GBTC saw daily net outflows of $135 million. GBTC’s total historical net outflow has risen to $21.487 billion. On the other hand, there are also significant outflows in spot Ethereum ETFs. According to the data, there was a net outflow of $55.4094 million from spot Ethereum ETFs on December 30. This was the first net outflow recorded in the last four days. Grayscale’s Ethereum ETF ETHE reported a net outflow of $17.3633 million on the same day.
The outflows seen from ETFs in the cryptocurrency market indicate that investor behavior is changing. The inflows and outflows to spot ETFs are directly related to the general volatility of the market and investors' expectations for the future. The consecutive outflows from spot Bitcoin ETFs may indicate that market sentiment is negative. In addition, the outflows seen in spot Ethereum ETFs reveal that uncertainties about the future of the market's largest altcoin are increasing.
Investors are watching these movements in the ETF market carefully. The general trend in spot ETFs becomes meaningful when evaluated within the framework of the broader market. Experts are carefully examining the effects of outflows from ETFs on the market, and are warning that if outflows continue, the declines in the cryptocurrency market could deepen even further.