The ETF data for January 17th has been released. The US Bitcoin spot ETF experienced a net outflow of $394.7 million yesterday, indicating a quite clear signal of capital withdrawal.
Specifically: BlackRock's IBIT attracted $15.1 million against the trend, but Fidelity's FBTC saw the steepest decline — a net outflow of $205.2 million. Bitwise's BITB and ARK's ARKB respectively saw outflows of $90.4 million and $69.4 million, and Grayscale's GBTC was not spared, with an outflow of $44.8 million.
In contrast, the Ethereum spot ETF performed much more mildly. Yesterday, it saw a net inflow of $4.7 million, suggesting some investors are still steadily increasing their positions. Among them, BlackRock's ETHA performed notably well, with an inflow of $14.9 million, while Grayscale's ETHE saw a slight outflow of $10.2 million.
This data reflects the ongoing difference in investor attitudes toward Bitcoin and Ethereum. On one side, Bitcoin ETFs are bleeding continuously, while on the other, Ethereum ETFs are holding steady. In the short-term capital game, the ultimate outcome still depends on the fundamentals and market sentiment.
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SandwichVictim
· 7h ago
Fidelity's recent outflow is quite intense, with over 200 million directly withdrawn.
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Deconstructionist
· 7h ago
What is Fidelity doing? A net outflow of over 200 million is outrageous.
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StableBoi
· 7h ago
Fidelity's move this time is too fast, it's scary.
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MetaverseLandlady
· 7h ago
Fidelity's recent bloodshed is really intense. Is the bottom-fishing crowd starting to withdraw? Anyway, I haven't seen a reason to buy Bitcoin yet.
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BearMarketHustler
· 8h ago
Fidelity has really pulled out, flowing out over 200 million in one go...
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IBIT is still holding on, others have already run away
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Ethereum has actually stabilized this time? That's interesting
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The capital game is starting again, this routine is the same every time
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It seems that institutions still don't have much confidence in Bitcoin in the short term
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Wait, why is BlackRock still increasing its holdings? Are they about to be proven wrong again?
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Grayscale is also bleeding... now there's really no hard strength left
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Short-term sentiment is down, but long-term still depends on fundamentals
The ETF data for January 17th has been released. The US Bitcoin spot ETF experienced a net outflow of $394.7 million yesterday, indicating a quite clear signal of capital withdrawal.
Specifically: BlackRock's IBIT attracted $15.1 million against the trend, but Fidelity's FBTC saw the steepest decline — a net outflow of $205.2 million. Bitwise's BITB and ARK's ARKB respectively saw outflows of $90.4 million and $69.4 million, and Grayscale's GBTC was not spared, with an outflow of $44.8 million.
In contrast, the Ethereum spot ETF performed much more mildly. Yesterday, it saw a net inflow of $4.7 million, suggesting some investors are still steadily increasing their positions. Among them, BlackRock's ETHA performed notably well, with an inflow of $14.9 million, while Grayscale's ETHE saw a slight outflow of $10.2 million.
This data reflects the ongoing difference in investor attitudes toward Bitcoin and Ethereum. On one side, Bitcoin ETFs are bleeding continuously, while on the other, Ethereum ETFs are holding steady. In the short-term capital game, the ultimate outcome still depends on the fundamentals and market sentiment.