#US spot BTC ETF outflows exceed $149 million#
Hot Topic Overview
Overview
Recently, the US spot Bitcoin ETF market saw a significant outflow of funds, totaling over $149 million. Among them, IBIT had the largest net outflow, reaching $184 million, while BITB saw a net outflow of $1.6 million. Notably, Fidelity ETF FBTC bucked the trend, seeing a net inflow of $16.57 million on the day, with a total historical net inflow of $12.16 billion. At the same time, Ethereum spot ETFs also experienced fund outflows, totaling $68.48 million, with Fidelity ETF FETH seeing the largest net outflow, reaching $65.43 million.
Ace Hot Topic Analysis
Analysis
Recently, the US spot BTC ETF market has witnessed significant outflows, totaling over $149 million. Among them, IBIT saw a net outflow of $184 million on a single day, while BITB saw a net outflow of $1.6 million. Notably, Fidelity's ETF FBTC bucked the trend, recording a net inflow of $16.56 million on a single day, bringing its total net inflow to $12.157 billion. Analysts point out that ETF fund flows have a strong positive correlation with BTC prices, suggesting that the outflows may indicate a short-term correction in BTC prices. However, the counter-trend inflow into Fidelity's ETF indicates a long-term bullish sentiment towards BTC, with investors remaining confident about its future.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
US spot BTC ETF market saw massive outflows, with a net outflow of $149 million.
IBIT is the ETF with the largest outflow, with a net outflow of $184 million in a single day.
ETF fund flows have a strong positive correlation with BTC prices.
Fidelity's ETF FBTC saw a net inflow of $16.56 million yesterday, bringing the total net inflow of FBTC to $12.157 billion.