Bitcoin Spot ETF Outflows Reach $284M With Mixed Inflows
Key Points:
- Bitcoin Spot ETF outflows totaled $284M, led by BlackRock IBIT’s $29.46M inflow.
- Ethereum spot ETF outflows of $39.43M persisted for four days.
Bitcoin Spot ETF outflows hit $284M on January 13. BlackRock ETF IBIT saw the largest inflow at $29.46M. Ethereum outflows reached $39.43M, extending 4 days.
Bitcoin Spot ETF Outflows Reach $284 Million on January 13
Bitcoin Spot ETFs recorded a staggering net outflow of $284 million on January 13th, while BlackRock ETF IBIT saw an impressive inflow of $29.46 million. The market was mixed, with a few funds bucking the trend and posting inflows despite the overall decline, according to Sosovalue.
The shifting dynamics within Bitcoin ETFs reflect how investors are evaluating market conditions. Although total outflows dominate, specific ETFs like BlackRock’s IBIT continue to attract investor confidence.
Read more: Bitcoin Spot ETF Inflows Reach $307 Million Last Week
Ethereum Spot ETF Outflows Continue for the Fourth Day
Ethereum spot ETFs remained under pressure for extended periods, and on January 13, it suffered a net outflow of $39.43 million, marking the fourth consecutive day of decline. In the process, BlackRock ETF ETHA recorded a net inflow of $12.89 million, reflecting selective investor interest.
The four-day drop suggests probable caution about the Ethereum market. However, BlackRock ETHA presents windows of opportunity for some funds in a broader downtrend. Investors look divided in their perspective regarding Ethereum ETFs.
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