💸 Bitcoin Spot ETF and Ethereum ETF face consecutive outflows of funds for 7 and 5 days respectively ⬇️
On February 27, according to SoSoValue data, both Bitcoin and Ethereum spot ETFs are experiencing fund outflows.
The Bitcoin spot ETF saw a net outflow of nearly $755 million yesterday, marking 7 consecutive days of fund outflows.
The top three outflows are as follows: BlackRock's Bitcoin spot ETF IBIT had a net outflow of $418 million in a single day; Fidelity's Bitcoin ETF FBTC saw a net outflow of nearly $146 million; Ark's Bitcoin ETF ARKB experienced a net outflow of $60.46 million.
Meanwhile, Grayscale's Bitcoin Trust ETF GBTC and its mini Trust ETF BTC had net outflows of $22.66 million and $55.97 million respectively in a single day.
Currently, the total net asset value of Bitcoin spot ETFs is $95.16 billion, accounting for 5.69% of Bitcoin's market value, with a cumulative total net inflow of $37.12 billion.
On the same day, the Ethereum spot ETF saw a net outflow of $94.27 million, experiencing 5 consecutive days of fund outflows. Among them, BlackRock's Ethereum spot ETF ETHA had a net outflow of $69.76 million; Fidelity's Ethereum ETF FETH saw a net outflow of $18.38 million; Grayscale's Ethereum Trust ETF ETHE had a net outflow of $3.31 million, and Bitwise's Ethereum ETF ETHW experienced a net outflow of $2.81 million.
Currently, the total net asset value of Ethereum spot ETFs is $8.56 billion, accounting for 3.03% of Ethereum's market value, with a cumulative total net inflow of $2.93 billion.
🗣️ Conclusion:
The continuous outflow of funds from cryptocurrency ETFs reflects short-term fluctuations in market sentiment and investors' concerns about uncertainties in macroeconomic and regulatory policies. Although the long-term value of Bitcoin and Ethereum is still viewed positively, recent fund outflows may signal that the market is entering a deep adjustment period.
In the future, as the Federal Reserve's monetary policy, geopolitical situation, and cryptocurrency regulatory framework become clearer, the flow of ETF funds will become a key indicator of market confidence. For investors, how to seize opportunities amidst volatility and balance risks and returns will be the core challenge ahead.
💬 Is the outflow of funds from Bitcoin and Ethereum spot ETFs a signal of market adjustment or a long-term investment opportunity? Will you choose to buy the dip or continue to wait and see?
