U.S. BTC and ETH Spot ETFs continued to see net outflows on Friday
On January 24, according to SoSovalue data, the U.S. BTC spot ETF recorded a net outflow of nearly $104 million yesterday, marking a consecutive five days of total net outflows. There was no BTC ETF with net inflows yesterday;
Among them, BlackRock's IBIT topped the net outflow list yesterday with nearly $102 million (approximately 1,130 BTC), and the total net inflow of IBIT has accumulated to $62.9 billion;
Following that, Fidelity's FBTC experienced a net outflow of $1.95 million (21.73 BTC) in a single day, and the total net inflow of FBTC has accumulated to $11.46 billion;
As of now, the total net asset value of Bitcoin spot ETFs is $115.88 billion, accounting for 6.48% of Bitcoin's total market value, with a cumulative total net inflow of $56.49 billion.
On the same day, the U.S. Ethereum spot ETF recorded a net outflow of $41.74 million, marking a consecutive four days of net outflows.
Among them, BlackRock's ETHA and Grayscale's ETHE recorded net outflows of $44.49 million (approximately 15,110 ETH) and $10.80 million (approximately 3,670 ETH), respectively;
Meanwhile, Grayscale's ETH and Fidelity's FETH recorded net inflows of $9.16 million (approximately 3,110 ETH) and $4.40 million (approximately 1,490 ETH), respectively;
As of now, the total net asset value of Ethereum spot ETFs is $17.70 billion, accounting for 4.99% of Ethereum's total market value, with a cumulative total net inflow of $12.30 billion.
Overall, BTC and ETH spot ETFs experienced net outflows during all four U.S. trading days this week. This trend indicates that after last week's record inflows, the market has completed a new round of profit-taking and cooling sentiment.
The current market focus has shifted to the Federal Reserve's interest rate meeting decision next Wednesday, and the results of this rate decision and the path of rate cuts may conduct a crucial directional test on confidence in the crypto market.
