The Bitcoin spot ETF experiences its first day of net outflow, while the Ethereum ETF sees over $10 million in net inflow
On May 14, according to SoSoValue data, the Bitcoin spot ETF recorded a total net outflow of $96.14 million yesterday, marking the first day of fund outflow after four consecutive days of net inflow.
Among them, Fidelity's Bitcoin spot ETF FBTC had the highest net outflow yesterday, with a single-day net outflow of $91.39 million, currently totaling a net inflow of $11.61 billion.
Following that is the Hashdex Bitcoin ETF DEFI, which had a net outflow of $4.75 million yesterday, currently totaling a historical net outflow of $2.62 million.
As of now, the total net asset value of Bitcoin spot ETFs is $122.92 billion, accounting for 5.92% of the total Bitcoin market cap, with a cumulative total net inflow of $41.08 billion.
On the same day, the Ethereum spot ETF saw a total net inflow of $13.37 million. Among them, Grayscale's Ethereum mini trust ETF ETH, Franklin's Ethereum ETF EZET, and VanEck's Ethereum ETF ETHV recorded net inflows of $7.36 million, $3.06 million, and $2.95 million, respectively.
Currently, the total net asset value of Ethereum spot ETFs is $9.27 billion, accounting for 2.86% of the Ethereum market, with a cumulative total net inflow of $2.47 billion.
In summary, after four consecutive days of net inflow, the Bitcoin spot ETF has experienced its first net outflow, contrasting with the Ethereum spot ETF's single-day net inflow of over $10 million, which may reflect a subtle shift in market preferences.
Investors participating in related investments need to closely monitor market dynamics, assess risks rationally, and avoid blindly following trends.
Do you think the outflow of funds from the Bitcoin spot ETF is a short-term adjustment or a signal of a long-term trend in the altcoin market? Can the inflow into the Ethereum spot ETF be sustained? Leave your thoughts in the comments!
