### Large Outflows from US Spot BTC ETFs#
Hot Topic Overview
Overview
Recently, the US spot BTC ETF market has seen significant outflows, with a single-day net outflow of $149 million. Among them, IBIT saw the largest outflow at $184 million, followed by BITB with $1.6 million. Notably, Fidelity's ETF FBTC bucked the trend, with a single-day net inflow of $16.57 million, bringing its total net inflow to $12.16 billion. Meanwhile, Ethereum spot ETFs also saw outflows, with a total net outflow of $68.48 million, with Fidelity's ETF FETH seeing the largest outflow at $65.43 million.
Ace Hot Topic Analysis
Analysis
Recently, the US spot BTC ETF market has seen a significant outflow of funds, with a total net outflow of $149 million. Among them, IBIT saw a net outflow of $184 million in a single day, while BITB saw a net outflow of $1.6 million. Fidelity's ETF FBTC, however, became the Bitcoin spot ETF with the highest single-day net inflow yesterday, with a net inflow of $16.5656 million. It is worth noting that ETF fund flows have a significant positive correlation with BTC prices, so the outflow of funds may signal a short-term bearish sentiment towards BTC prices.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
US Spot BTC ETF experienced significant outflows, with a net outflow of $149 million on a single day. IBIT saw the largest outflow, reaching $184 million.
ETF fund flows have a significant positive correlation with BTC prices. Outflows may indicate that BTC prices will decline in the short term.
Fidelity's ETF FBTC saw a net inflow of $16.56 million yesterday, indicating investors' continued optimism towards BTC.
Spot Ethereum ETFs also saw outflows, with a net outflow of $68.47 million on a single day. Fidelity's ETF FETH saw the largest outflow, reaching $65.43 million.