Bitcoin ETFs Face Significant Net Outflows
Data shows that US Bitcoin spot ETFs experienced net outflows of $394.7M yesterday, with notable divergence among funds. BlackRock’s IBIT attracted inflows of $15.1M, while Fidelity’s FBTC saw outflows of $205.2M, Bitwise BITB lost $90.4M, ARK ARKB lost $69.4M, and Grayscale GBTC lost $44.8M.
Ethereum ETF Sees Modest Inflows
In contrast to Bitcoin, Ethereum ETFs recorded net inflows of $4.7M yesterday. BlackRock’s ETHA gained $14.9M, while Grayscale ETHE experienced outflows of $10.2M.
Market Flow Analysis
Overall, Bitcoin ETFs saw large-scale capital exits, whereas Ethereum attracted modest inflows, reflecting cautious investor sentiment toward Bitcoin’s short-term outlook.