Bitcoin and Ethereum Spot ETFs Record Significant Outflows
On January 27, Bitcoin spot exchange-traded funds (ETFs) experienced a significant shift, recording $457 million in net outflows.
This marked the first decline in over a week following seven consecutive days of inflows.
Fidelity’s FBTC led the outflows , accounting for $268 million, followed by Grayscale’s GBTC, which saw $108 million withdrawn. The decline coincides with a broader market pullback, as Bitcoin’s price dropped below $98,000 amid weakening risk sentiment across financial markets.
Ethereum spot ETFs also faced notable withdrawals, with $136 million in net outflows on the same day. Grayscale’s ETHE fund was the largest contributor to the decline, losing $84.24 million, bringing the total net asset value (NAV) of Ethereum spot ETFs to $11.3 billion.
READ MORE:
Crypto Token Creation Skyrockets, Forcing Coinbase to AdaptThe recent outflows highlight a potential shift in investor sentiment within the crypto ETF market. After strong inflows earlier in January, both Bitcoin and Ethereum funds are now experiencing pullbacks, prompting analysts to assess whether this signals a broader trend or merely a temporary correction. The coming weeks will be crucial in determining how these funds perform as market dynamics evolve.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
$52M property in Canada tokenised on Polymesh by Ocree

SEC vote on Elon Musk lawsuit saw one commissioner oppose

Ethereum market cap at $252B despite 57% drop

Nostra halts borrowing after $STRK token price error

Trending news
MoreCrypto prices
More








