💰The US BTC Spot ETF experienced a net outflow of nearly $388 million this week, while the ETH Spot ETF saw a continuous net inflow for 5 weeks
According to the latest data from SoSoValue, the Bitcoin spot ETF had a total net outflow of nearly $388 million this week, marking the first weekly net outflow after three consecutive weeks of inflow.
Among them, BlackRock's Bitcoin spot ETF IBIT had a total net outflow of $21.11 million this week, bringing its cumulative net inflow to $37.31 billion; Fidelity's ETF FBTC saw a weekly total net outflow of nearly $183 million, with a cumulative net inflow of $11.84 billion; while Grayscale's Bitcoin Trust ETF GBTC and Grayscale's Mini Trust ETF BTC had total net outflows of $58.87 million and a net inflow of $1 million respectively this week.
Currently, the total net asset value of Bitcoin spot ETFs has reached $106.68 billion, accounting for 5.70% of Bitcoin's total market capitalization, with a cumulative total net inflow of $35.66 billion.
On the other hand, Ethereum's spot ETF had a total net inflow of $349 million this week, achieving continuous net inflows for 5 weeks.
Among them, BlackRock's Ethereum spot ETF ETHA had a total net inflow of nearly $182 million this week, bringing its cumulative net inflow to $3.52 billion; Fidelity's Ethereum spot ETF FETH had a weekly total net inflow of $160 million, with a cumulative net inflow of $1.56 billion;
While Grayscale's Ethereum Trust ETF ETHE and Grayscale's Ethereum Mini Trust ETF ETH had total net inflows/outflows of $0 and nearly $131 million total net outflow respectively this week.
Currently, the total net asset value of Ethereum spot ETFs is $12.11 billion, accounting for 3.01% of Ethereum's total market capitalization, with a historical cumulative total net inflow of $2.68 billion.
In summary, this week, the US BTC spot ETF experienced a net outflow of funds, ending the previous three weeks of net inflow, while the ETH spot ETF continued to attract funds for 5 weeks. This change reveals the market's differing attitudes towards the two major cryptocurrency ETFs, which may impact future decisions for investors.
💬Do you think this trend of fund flow will affect the market's upcoming trends?
