### Large Outflows from US Spot BTC ETFs#
Hot Topic Overview
Overview
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. In contrast, 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. It is worth noting that the fund flow into spot BTC ETFs has a significant positive correlation with the BTC price, so the outflow of funds may indicate that the BTC price will face downward pressure in the short term.
Ace Hot Topic Analysis
Analysis
Recently, the US spot BTC ETF market has seen significant outflows, 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. Notably, Fidelity ETF FBTC saw a net inflow of $16.57 million yesterday, and currently, FBTC has a total net inflow of $12.16 billion. Meanwhile, the Ethereum spot ETF also saw outflows, with a total net outflow of $68.48 million. Among them, Fidelity ETF FETH saw a net outflow of $65.43 million in a single day, and currently, FETH has a total net inflow of $1.29 billion. Although some ETFs saw inflows, overall, the spot BTC and Ethereum ETF markets have seen outflows, which may be related to the recent weak performance of the overall cryptocurrency market.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Spot BTC ETF in the US sees large outflows, potentially linked to recent Bitcoin price volatility.
Outflows are concentrated in IBIT, with a net outflow of $184 million on a single day, while Fidelity ETF FBTC saw net inflows.
ETF fund flows have a significant positive correlation with BTC prices, and tracking fund flows can be used to predict BTC price movements.
Spot Ethereum ETFs also saw outflows, with Fidelity ETF FETH seeing a net outflow of $65.43 million on a single day.