ETH Spot ETF Capital Outflow, Market Under Pressure?

On March 20, Eastern Time, the total net outflow of ETH spot ETFs was $12.4093 million, indicating pressure from capital outflows.

Net outflow ranking:

BlackRock ETF (ETHA): Net outflow of $8.9566 million in a single day, with a historical total inflow of $4.085 billion.

Fidelity ETF (FETH): Net outflow of $3.4528 million in a single day, with a historical total inflow of $1.411 billion.

Current net asset value of ETH spot ETFs: $6.789 billion

ETF market capitalization as a percentage of total ETH market capitalization: 2.84%

Historical cumulative net inflow: $2.436 billion

Does capital outflow affect ETH price trends? Can the bull market continue? Capital movements are worth ongoing attention.