The Bitcoin spot ETF in the U.S. has seen a net outflow of funds for three consecutive days, and the Ethereum ETF also failed to continue the net inflow from the previous two days.
As of April 2, the Bitcoin spot ETF recorded a total net outflow of nearly $158 million yesterday, marking three consecutive days of net outflows.
Among them, Ark Invest & 21Shares' Bitcoin ETF ARKB had a daily net outflow of $87.37 million, with a cumulative net inflow of $2.52 billion. Next is Fidelity's Bitcoin ETF FBTC, which recorded a daily net outflow of $85.35 million, with a cumulative net inflow of $11.38 billion. Meanwhile, Grayscale's Bitcoin Trust ETF GBTC and WisdomTree's Bitcoin ETF BTCW saw daily net outflows of $10.07 million and $6.76 million, respectively.
It is noteworthy that Bitwise's Bitcoin ETF BITB and Franklin's Bitcoin ETF EZBC achieved net inflows of $24.53 million and $7.39 million, respectively, yesterday.
As of now, the total net asset value of Bitcoin spot ETFs is $95.45 billion, accounting for 5.64% of Bitcoin's total market capitalization, with a cumulative total net inflow of $36.02 billion.
On the same day, the Ethereum spot ETF failed to continue the net inflow from the previous two days, recording a total net outflow of $3.58 million.
Among them, Grayscale's Ethereum Mini Trust spot ETF ETH and Bitwise's Ethereum ETF ETHW recorded net outflows of $2.7 million and $2.6 million, respectively.
In contrast, 21Shares' Ethereum ETF CETH saw a net inflow of $1.72 million in a single day, with a cumulative net inflow of $13.33 million.
As of now, the total net asset value of Ethereum spot ETFs is $6.54 billion, accounting for 2.83% of Ethereum's total market capitalization, with a cumulative total net inflow of $2.41 billion.
In summary, although some ETFs still recorded net inflows, overall, there are clear signs of fund outflows, and investors may be reassessing market risks and opportunities.
With the continuous maturation of the cryptocurrency market, the importance of ETFs as investment tools is becoming increasingly prominent, and their fund flows will become an important indicator of market trends.
Do you think this is a short-term adjustment or a sign of a long-term trend? Feel free to share your views and investment strategies in the comments!
