### 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 most net outflow, reaching $184 million, while BITB saw a net outflow of $1.6 million. Notably, Fidelity ETF FBTC saw a single-day net inflow of $16.56 million, bringing its total net inflow to $12.15 billion. Meanwhile, spot Ethereum ETFs also saw outflows, with a total net outflow of $68.47 million, with Fidelity ETF FETH seeing the most net outflow at $65.43 million.
Ace Hot Topic Analysis
Analysis
Recently, the US spot BTC ETF market has seen a significant outflow of funds, totaling over $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. Notably, Fidelity's ETF FBTC bucked the trend, with a net inflow of $16.57 million in a single day, bringing its total net inflow to $12.16 billion. Meanwhile, spot Ethereum ETFs also saw outflows, totaling $68.48 million, with Fidelity's ETF FETH seeing a net outflow of $65.43 million in a single day, but its total net inflow still reached $1.29 billion. While the reasons for the current outflows are unclear, according to AICoin's developed "Spot BTC ETF Tracking" real-time strategy, ETF fund inflows have a significant positive correlation with BTC prices. Therefore, the outflows 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 market saw significant outflows, with net outflows reaching $149 million.
Fund inflows have a significant positive correlation with BTC price. You can subscribe to indicators to enable programs to automatically place orders based on fund flows.
Fidelity ETF FBTC saw a net inflow of $16.57 million on a single day, and the total net inflow of FBTC has reached $12.16 billion.
Total net outflows for Ethereum spot ETFs reached $68.48 million, with Fidelity ETF FETH seeing a net outflow of $65.43 million on a single day.