This week the net outflows for U.S. spot Bitcoin and Ethereum ETFs were $829.9 million and $189.9 million respectively

According to a post by Lin Chen, the head of Deribit's Asia-Pacific business, this week saw a net outflow of $829.9 million from BTC ETFs, with a total reduction of 10,358.34 BTC. Only on Wednesday was there a slight inflow of 160.44 BTC; otherwise, it was all net outflows. BlackRock reduced its holdings by 4239.38 BTC and Fidelity reduced its holdings by 3813.02 BTC. The current price is hovering around $84k and the market fear and greed index is at 30 (fear), indicating low short-term market sentiment due to factors such as the Federal Reserve's interest rate meeting on March 20th and tariffs set to be implemented in April.

Meanwhile, this week also saw severe capital outflows from ETH ETFs - reaching a total weekly net outflow amounting to $189.9 million USD with an overall reduction of 99,266.82 ETH tokens held in these funds.BlackRock reduced its holdings by 33,776.47 ETH while Fidelity decreased theirs by31,695.05ETH. The selling pressure has been heavy causing the price for Ethereum to fall below the significant threshold value of $2000 USD per token.Furthermore,the exchange rate between Ethereum and Bitcoin continues to explore new lows currently standing only at 0.0229.