Bitcoin and Ethereum ETFs See Significant Outflows Yesterday, Market Dynamics Draw Attention

Bitcoin ETF Faces Outflows

According to data monitored by Farside Investors, the US Bitcoin spot ETF experienced a net outflow of $133.3 million yesterday. BlackRock’s IBIT fund saw outflows of $84.2 million, while Fidelity’s FBTC fund lost $49.1 million.

Ethereum ETF Also Under Pressure

Data also showed a net outflow of $41.8 million from US Ethereum spot ETFs. Specifically, BlackRock’s ETHA fund lost $29.9 million, Fidelity’s FETH fund lost $8.2 million, and Invesco’s QETH fund lost $3.7 million.

Market Reaction and Outlook

These outflows reflect short-term market adjustments and a more cautious investor sentiment. However, institutional confidence in the long-term potential of digital assets remains strong.