💰The total net outflow of Bitcoin spot ETFs in the U.S. yesterday was nearly $210 million, while Ethereum ETFs saw a total net inflow of $1.15 million for the day.
According to the latest data from SoSoValue, the net outflow amount for Bitcoin spot ETFs yesterday reached nearly $210 million, marking four consecutive days of capital outflow.
In terms of capital outflow, BlackRock's Bitcoin ETF IBIT and Bitwise's ETF BITB recorded net outflows of $219 million and $8.93 million, respectively; their cumulative net inflows stood at $37.48 billion and $2.2 billion.
Meanwhile, WisdomTree's Bitcoin spot ETF BTCW, VanEck's ETF HODL, and Ark's ETF ARKB achieved single-day net inflows of $10.24 million, $5.46 million, and $2.89 million, respectively.
Currently, the total net asset value of Bitcoin spot ETFs is $108.98 billion, accounting for 5.70% of the total Bitcoin market capitalization, with a cumulative total net inflow of $35.72 billion.
On the same day, the total net inflow for Ethereum spot ETFs was $1.15 million, marking the first day of net inflow after four consecutive days of capital outflow.
Among them, Bitwise's Ethereum spot ETF ETHW led with a net inflow of $1.15 million for the day. At the same time, other Ethereum spot ETFs had no capital outflows.
Currently, the total net asset value of Ethereum spot ETFs is $11.4 billion, representing 2.94% of the total Ethereum market capitalization, with a historical cumulative total net inflow of $2.41 billion.
🗣 Conclusion:
The recent capital outflow from Bitcoin spot ETFs reflects the market's alertness to short-term volatility. Although Ethereum ETFs experienced a net inflow yesterday, the inflow amount was not particularly strong. It is believed that investors may be reassessing the value of cryptocurrencies and are looking for more stable investments or waiting for better buying opportunities.
However, for long-term investments, this capital movement may provide strategic buying opportunities, especially during market adjustments.
It is noteworthy that the Bitcoin spot market rebounded after briefly falling to the $90,000 level the day before yesterday and is currently stabilizing above $97,000. The public is generally focused on the market's reaction around Trump's inauguration on January 20.
