📉 The U.S. Bitcoin Spot ETF has once again turned to a single-day net outflow, while the Ethereum Spot ETF has seen a continuous net outflow for 8 days.
On March 4, according to SoSoValue data, the total net outflow of the Bitcoin Spot ETF yesterday was $74.19 million. This marks a return to a single-day net outflow after a brief net inflow following 8 consecutive days of outflows.
Among them, the Blackrock ETF IBIT saw a single-day net outflow of $77.97 million, with a cumulative total net inflow of $39.63 billion. The Grayscale Bitcoin Trust ETF GBTC experienced a single-day net outflow of $54.39 million, with a cumulative net outflow of $22.35 billion.
Meanwhile, the Ark Invest & 21Shares ETF ARKB saw a single-day net inflow of $58.18 million, bringing the cumulative total net inflow to $2.78 billion.
As of now, the total net asset value of Bitcoin Spot ETFs is $97.26 billion, accounting for 5.70% of the total Bitcoin market capitalization, with a cumulative total net inflow of $36.87 billion.
On the same day, the Ethereum Spot ETF had a total net outflow of $12.10 million. Among them, the Blackrock Ethereum ETF ETHA had a single-day net outflow of $16.06 million, with a cumulative net inflow of $4.26 billion. Meanwhile, the Bitwise Ethereum ETF ETHW saw a single-day net inflow of $3.96 million, with a cumulative net inflow of $320 million.
As of now, the total net asset value of Ethereum Spot ETFs is $7.72 billion, with the ETF net asset ratio (as a percentage of the total Ethereum market capitalization) reaching 3.01%, and the historical cumulative net inflow has reached $2.81 billion.
In summary, the current cryptocurrency market is in a tug-of-war between macro policies (such as expectations for the Federal Reserve to cut interest rates) and industry narratives, and the flow of ETF funds may become an important barometer for short-term price fluctuations.
In the long term, the continued participation of institutional funds remains a key support for the mainstreaming of crypto assets, but short-term volatility is bound to test investors' patience.
💬 What do you think about the outflow of ETF funds? Is it a signal of short-term correction or an opportunity for long-term positioning? See you in the comments!
