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BitcoinSistemi 2025-01-09 09:39:07

Bitcoin and Ethereum Spot ETFs Continue to Lose Blood! Here Are the Latest Movements in Data!

The cryptocurrency market experienced significant outflows from spot exchange-traded funds (ETFs) on Jan. 8, signaling potential shifts in investor sentiment amid ongoing market volatility. Bitcoin and Ethereum Spot ETFs See Significant Outflows on January 8 Bitcoin spot ETFs recorded a total net outflow of $583 million on January 8, with three major funds handling most of the withdrawals: IBIT: $124 million exit FBT: $258 million exit ARKB: $148 million exit These large withdrawals suggest reduced institutional or large-scale retail exposure to Bitcoin at a time of market uncertainty and price corrections. Ethereum spot ETFs also saw significant outflows, with a total of $159 million. The FETH fund accounted for the majority with a net outflow of $147 million. These outflows come as Bitcoin’s price dropped below the $100,000 level earlier this week and Ethereum continues to face downward pressure. Analysts point to macroeconomic concerns, including fears of prolonged inflation and fluctuating regulatory sentiment, as potential contributors to the withdrawals. Investors are likely reevaluating their positions in crypto-backed ETFs amid heightened market volatility that has led to significant liquidations and shifting asset valuations in recent days. The ongoing uptrend may continue to shape the market in the short term and participants may watch closely *This is not investment advice. Continue Reading: Bitcoin and Ethereum Spot ETFs Continue to Lose Blood! Here Are the Latest Movements in Data!