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U.S. BTC and ETH Spot ETFs Continue to See Net Outflows on Friday
On January 24, according to SoSovalue data, the U.S. BTC spot ETF recorded a total net outflow of nearly $104 million over the past 5 days, with no net inflow on any of those days. Among them, BlackRock's IBIT led the net outflows with nearly $102 million (approximately 11,130 BTC), bringing the total net inflow for IBIT to $62.9 billion.
Next is Fidelity's FBTC, which experienced a single-day net outflow of $1.95 million (21.73 BTC), with a total net inflow of $11.46 billion so far.
As of now, the total net asset value of Bitcoin spot ETFs is $115.88 billion, accounting for 6.48% of Bitcoin's total market cap, with a cumulative net inflow of $56.49 billion.
On the same day, the U.S. Ethereum spot ETF recorded a net outflow of $41.74 million over 4 consecutive days.
BlackRock's ETHA and Grayscale's ETHE experienced single-day net outflows of $44.49 million (about 15,110 ETH) and $10.80 million (about 3,670 ETH), respectively. Meanwhile, Grayscale's ETH and Fidelity's FETH saw single-day net inflows of $9.16 million (about 3,110 ETH) and $4.40 million (about 1,490 ETH).
Currently, the total net asset value of Ethereum spot ETFs is $17.70 billion, representing 4.99% of Ethereum's total market cap, with a total net inflow of $12.30 billion.
Overall, BTC and ETH spot ETFs experienced net outflows during all four U.S. stock market trading days this week. This trend indicates that after record-breaking inflows last week, the market has completed a round of profit-taking and cooling sentiment.
The current market focus has shifted to next Wednesday's Federal Reserve interest rate decision, and this rate decision