Key Points:
- Bitcoin Spot ETF outflows reached $149 million on January 10.
- Fidelity ETF FBTC had a net inflow of $16.57 million on the same day.
Bitcoin Spot ETF inflows totaled $52.39M on January 7, while Ethereum Spot ETFs saw $86.79M outflows. BlackRock’s IBIT netted $596M in inflows.
Bitcoin Spot ETF Outflows and Notable Trends
On January 10, Bitcoin Spot ETFs witnessed massive outflows totaling $149 million, a steep decline in total investments. In contrast, Fidelity ETF FBTC recorded an inflow of $16.57 million, reflecting a divergence in investor behavior.
This contrasts the single inflow into the Fidelity ETF FBTC and illustrates the mixed sentiment in the market, with investors looking to make selective bets amidst uncertainty in the crypto space, according to Sosovalue.
Read more: Bitcoin Spot ETF Inflows Reach $52M Amid BlackRock Surge
Ethereum Spot ETFs See Significant Daily Outflows
Ethereum spot ETFs also saw significant outflows on the 10th at $68.48 million in total. Among them, Fidelity ETF FETH suffered the single-day biggest outflow at a loss of $65.43 million. That would mean seriously declining investor confidence in investment products related to Ethereum.
However, amidst that decline, this differential between ETFs points toward disparate approaches by the various investors in Ethereum. Major flows away from FETH reveal a potentially shifting sentiment in the market while other funds face more sustained bets. That move suggests changes are afoot within investor preferences towards Ethereum.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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