📉 Bitcoin and Ethereum spot ETFs saw outflows last week
The latest data shows that Bitcoin spot ETFs experienced a weekly net outflow of $301 million last week, of which ARK 21Shares Bitcoin ETF ARKB had the largest net outflow of $206 million, while Grayscale ETF GBTC had a weekly net outflow of $47.12 million. Despite this, BlackRock ETF IBIT bucked the trend with a weekly net inflow of $135 million.
On the other hand, Ethereum spot ETFs were not immune, with a net outflow of $30.69 million last week, and Grayscale Ethereum Trust ETF ETHE had a weekly net outflow of $66.75 million. However, BlackRock Ethereum ETF ETHA and VanEck Ethereum ETF ETHV achieved weekly net inflows of $55.83 million and $2.74 million, respectively.
As of press time, the total net asset value of Bitcoin spot ETFs was $57.73 billion, and the total net asset value of Ethereum spot ETFs was $6.66 billion. The Bitcoin ETF has a net asset ratio of 4.68%, while the Ethereum ETF has a net asset ratio of 2.28%. The Bitcoin ETF has a historical cumulative net inflow of $18.5 billion, while the Ethereum ETF has a historical cumulative net outflow of $554 million.
🧐 Conclusion:
Although some ETFs have achieved inflows, the overall trend shows that funds are flowing out of cryptocurrency ETFs, which may reflect changes in market sentiment or investor reconfiguration. Investors should pay close attention to fund flows in the coming weeks to assess market trends.
💬 Do you think these fund flows indicate a change in market trends, or are they just short-term fluctuations? Leave a message in the market to share your views!