Continuous capital outflow from Bitcoin and Ethereum spot ETFs tests market sentiment
On April 9th, according to SoSoValue data, the total net outflow of Bitcoin spot ETFs reached 326 million USD yesterday, marking the fourth consecutive day of capital outflow. Among them, BlackRock's Bitcoin ETF IBIT ranked first in daily net outflow, with nearly 253 million USD, and a cumulative net inflow of 3.966 million USD.
Meanwhile, Bitwise Bitcoin ETF BITB, Ark & 21 Shares Bitcoin ETF ARKB, Franklin Bitcoin ETF EZBC, and Grayscale's Bitcoin Trust ETF GBTC experienced daily net outflows of 21.71 million USD, 19.90 million USD, 8.89 million USD, and 8.49 million USD, respectively.
As of now, the total net asset value of Bitcoin spot ETFs is 85.76 billion USD, accounting for 5.6% of the total BTC market capitalization, with a cumulative net inflow of 35.64 billion USD.
On the same day, the Ethereum spot ETF had a net outflow of 3.29 million USD yesterday, marking the first day of net outflow after no capital movement the day before.
Among them, Fidelity's Ethereum ETF FETH had a daily net outflow of 3.29 million USD, while FETH's cumulative net inflow remains at 1.41 billion USD. The other 8 Ethereum ETFs had no capital net outflow that day.
As of now, the total net asset value of Ethereum spot ETFs is 4.98 billion USD, accounting for 2.78% of the total ETH market capitalization, with a cumulative total net inflow of 2.36 billion USD.
