### Large Outflows from US Spot BTC ETFs#
Hot Topic Overview
Overview
Recently, the US spot Bitcoin ETF market has seen significant outflows, with a net outflow of $149 million in a single day. Among them, IBIT saw the most net outflow, reaching $184 million, while BITB saw a net outflow of $1.6 million. Fidelity ETF FBTC, however, bucked the trend, with a net inflow of $16.56 million in a single day, bringing its total net inflow to $12.157 billion. Notably, spot Ethereum ETFs also saw outflows, with a net outflow of $68.4788 million in a single day, with Fidelity ETF FETH seeing the most net outflow at $65.43 million.
Ace Hot Topic Analysis
Analysis
Recently, the US spot Bitcoin ETF market has seen a significant outflow of funds, with a net outflow of $149 million in a single day. Among them, IBIT saw the largest net outflow, reaching $184 million, followed by BITB, with a net outflow of $1.6 million. Notably, Fidelity ETF FBTC bucked the trend, with a net inflow of $16.56 million in a single day, bringing its total net inflow to $12.157 billion. Analysts point out that ETF fund flows have a significant positive correlation with Bitcoin prices, so the recent outflow may signal downward pressure on Bitcoin prices in the short term. However, the continued inflow into Fidelity ETF also indicates a long-term bullish sentiment towards Bitcoin, and future trends still need to be closely monitored.
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.
Fidelity ETF FBTC saw a net inflow of $16.56 million on the day, bringing the total net inflow of FBTC to $12.157 billion.
Total net outflows for Ethereum spot ETFs reached $68.4788 million, with Fidelity ETF FETH seeing a net outflow of $65.43 million on the day.