Fidelity's spot Bitcoin and Ethereum ETFs recorded their largest single-day net outflows on Wednesday, amounting to $582 million and $159 million, respectively. However, the market remains optimistic about the long-term potential of these funds. Despite experiencing significant outflows, Fidelity still maintains the second-largest cumulative net inflow in spot Bitcoin and Ethereum ETFs, demonstrating investors' continued confidence in crypto assets. As the market matures and volatility decreases, the appeal of ETFs is expected to further increase.