Bitcoin Spot ETF Outflows Reach $426M Over Two Days

Key Points:

• Bitcoin Spot ETF outflows totalled $426M over two days, with GBTC experiencing $135M daily outflows.
• Ethereum spot ETFs marked $55.4M net outflows after four days of inflows.

Bitcoin Spot ETF outflows hit $426M over two days, with Grayscale’s GBTC seeing daily losses of $135M. Ethereum spot ETFs reported a $55.4M net outflow.

Bitcoin Spot ETF Outflows Surge to $426M Over Two Days

The Bitcoin Spot ETF saw extreme net outflows of $426 million in two consecutive days, as recorded on December 30. Grayscale‘s GBTC contributed heavily with $135 million in daily outflows. This trend underlines growing concern in the crypto market, signalling a shift in investor sentiment during volatile conditions, according to Sosovalue.

Grayscale’s GBTC, with its historical net outflow now at $21.487 billion, remains the leader in these losses. While Bitcoin ETFs usually attract long-term investors, recent outflows reflect short-term market pressures. Analysts say this may be either a correction phase or temporary withdrawal before renewed bullish momentum.

Read more: Bitcoin Spot ETF Outflows Reach $388M Amid Weekly Trends

Ethereum ETFs Record $55M Net Outflows Amid Market Shifts

Ethereum spot ETFs saw $55.4 million of net outflows on Dec. 30, breaking four days of consecutive inflows. Grayscale’s ETHE was the greatest contributor to this decline at a daily outflow of $17.3 mln. This raises interesting questions about the resilience of Ethereum-focused investment products at a time when markets were in turmoil.

Investors have started reassessing Ethereum spot ETFs with the ongoing market correction, while the outflows present cautious sentiment despite decent ETH fundamentals. This could be an increasingly favourable time for value hunters in the market, particularly given the improving staking reward structure and Layer 2 adoption of Ethereum.