#Bitcoin Ethereum ETF Outflows#

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Overview

Recently, Bitcoin and Ethereum ETFs experienced outflows, with Bitcoin ETFs seeing a net outflow of 3,062 BTC, or about $302.76 million, and Ethereum ETFs seeing a net outflow of 16,114 ETH, or about $53.01 million. BlackRock and Grayscale were the main outflows for Bitcoin and Ethereum ETFs, respectively. BlackRock saw an outflow of 2,274 BTC, with current holdings at 553,993 BTC, while Grayscale saw an outflow of 12,250 ETH, with current holdings at 458,626 ETH. Despite the recovery of Bitcoin in the spot market, crypto investment products remain sluggish, suggesting that investors remain cautious about the cryptocurrency market.

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Analysis

Recently, Bitcoin and Ethereum ETFs have experienced outflows. According to CoinShares’ daily flow data, on January 14th, US Bitcoin spot ETFs saw losses for the fourth consecutive day, losing 209.82 million, while US Ethereum exchange-traded funds saw a small inflow of 1.1 million shares. In Europe, Bitcoin products attracted over 51 million, while Ethereum products attracted 8.68 million.On January 15th, 10 Bitcoin ETFs saw a net outflow of 3,062 BTC, approximately $302.76 million, with BlackRock seeing an outflow of 2,274 BTC, bringing its current holdings to 553,993 BTC, valued at approximately $54.78 billion. 9 Ethereum ETFs saw a net outflow of 16,114 ETH, approximately $53.01 million, with Grayscale seeing an outflow of 12,250 ETH, bringing its current holdings to 458,626 ETH, valued at approximately $1.51 billion.Overall, the trend of outflows from Bitcoin and Ethereum ETFs is quite evident, likely due to the recent overall poor performance of the crypto market. Although Bitcoin and Ethereum have rebounded in the spot market, the overall performance of crypto investment products remains weak. Investor confidence in the crypto market may have declined, leading to capital outflows.

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Classic Views

Bitcoin and Ethereum ETFs see outflows, signaling investor caution towards the cryptocurrency market.

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Bitcoin ETF outflows are mainly from BlackRock, while Ethereum ETF outflows are primarily from Grayscale.

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Despite the recovery in the spot market, crypto investment products remain subdued.

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The European market shows relatively higher interest in Bitcoin and Ethereum ETFs.

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