This week, the net outflows of US spot Bitcoin and Ethereum ETFs were $829.9 million and $189.9 million, respectively

Odaily Planet Daily News: According to Lin Chen, the head of Deribit's Asia Pacific business, in an article on X, the BTC ETF as a whole still had a net outflow of $829.9 million this week, with a total reduction of 10358.34 BTC holdings. Only on Wednesday, there was a slight inflow of 160.44 BTC, and the rest of the time was a net outflow. Among them, BlackRock reduced its holdings of 4239.38 and Fidelity reduced its holdings of 3813.02. The current price is hovering at 84000 yuan, with a market panic and greed index of 30 (fear). The short-term market sentiment is sluggish, and the Federal Reserve interest rate meeting on March 20th and the tariffs to be implemented in April are challenging market confidence. At the same time, the outflow of ETH ETF funds this week was severe - the total net outflow for the week reached $189.9 million, with a total reduction of 99266.82 ETH holdings. Among them, BlackRock reduced its holdings of 33776.47 and Fidelity reduced its holdings of 31695.05, with heavy selling pressure. The price of ETH has fallen below the $2000 mark, and the ETH/BTC exchange rate is also continuously declining, currently at only 0.0229.