This week, the net outflows of the US Spot Bitcoin and Ethereum ETFs were $8.299 billion and $1.899 billion, respectively.
2 days ago
March 16th: As stated by Lin Chen, the Asia-Pacific Business Director of Deribit, this week witnessed a net outflow of $829.9 million in the BTC ETF, with a total reduction of 10,358.34 BTC. Only a minor inflow of 160.44 BTC was recorded on Wednesday, while the rest of the time experienced net outflows. BlackRock decreased its holdings by 4,239.38 BTC, and Fidelity reduced its holdings by 3,813.02 BTC. The current price is hovering around $84,000, and the market fear/greed index stands at 30 (indicating fear). In the short term, market sentiment is rather gloomy, with the March 20th Fed interest rate meeting and the April tariff implementation posing challenges to market confidence.
Meanwhile, this week saw a brutal outflow of funds in the ETH ETF - a total net outflow of $189.9 million, with a reduction of 99,266.82 ETH. BlackRock reduced its holdings by 33,776.47 ETH, and Fidelity decreased its holdings by 31,695.05 ETH, exerting significant selling pressure. The ETH price has dropped below the $2,000 level, and the ETH/BTC exchange rate continues to decline, currently standing at only 0.0229.
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