Last Friday, everyone's guess about the data of BTC spot ETFs was almost correct. As expected, Friday was undoubtedly one of the days with the least capital outflows, with net outflows reaching the highest peak of the week, up to 3,280 BTC. Among the 11 spot ETFs still operating in the United States, only one had a small inflow like BlackRock, which only added 23 BTC. The rest had either net outflows or no inflows, which fully reflects the current sentiment of American investors. With the Fed's expectation of only one rate cut, investors' investment enthusiasm seems to be gradually cooling down. However, BTC and#ETHare in a slightly better situation, while other tokens such as ALT are having a harder time.
Back to the data of spot ETFs, in the past week, global spot ETFs lost a total of 7,489 BTC, of which the United States had a net outflow of 7,749 BTC and Hong Kong had a net outflow of 19.28 BTC. From the overall outflow situation, the outflow from the United States accounts for the largest part. With continuous large outflows, the total net inflow of global spot ETFs has fallen below 600,000 BTC. In the past week, the largest outflow was from GBTC, with a total outflow of 3,849 BTC in five working days.
However, even in the full range, the largest inflow was from Canada's Evolve Bitcoin ETF, with a total inflow of 972 BTC. But current data shows that overall investment sentiment is not high, and this situation may continue for some time unless there is macro-positive information. The market needs more momentum to rekindle investors' enthusiasm.
