On November 14, the last trading day for spot Bitcoin 
$101,658 ETFs in the U.S., a significant reversal occurred as these funds experienced a net outflow of $400.67 million, ending a six-day positive trend. This development indicates a shift in investor sentiment contrary to the recent heightened interest. Meanwhile, spot Ethereum 
$3,696 ETFs also saw a net outflow of $3.2 million.
Large Withdrawals Observed in Bitcoin ETFs
On the same day, approximately 4,450 BTC were sold from U.S.-based spot Bitcoin ETFs. Withdrawals were particularly concentrated among funds like BlackRock, Fidelity, ARK Invest, Bitwise, and Grayscale.
BlackRock’s spot Bitcoin ETF recorded an inflow of $126 million, while Fidelity saw $179 million, ARK Invest had $161 million, Bitwise $113 million, and Grayscale experienced a net outflow of $70 million. These withdrawals reflect a cautious approach among investors regarding potential volatility in the Bitcoin market.
Stagnation in Spot Ethereum ETFs
In contrast, spot Ethereum ETFs experienced a total net outflow of $324,000. This marks the first instance of negative performance after six consecutive days of inflows. Nonetheless, inflows into funds from giants like BlackRock and Invesco indicate that the market is not entirely in a pessimistic mood, although significant withdrawals from Grayscale’s ETFs suggest investors are being cautious with spot Ethereum ETFs.
The total net asset value of spot Ethereum ETFs stands at $9.27 billion, with these ETFs accounting for 2.48% of Ethereum’s total market value. Total net inflows have reached $238 million, showing that despite Ethereum’s volatility, investors maintain interest in these products over the long term.
The recent outflows in both Bitcoin and Ethereum ETFs indicate that uncertainties in the cryptocurrency market are influencing investor decisions. However, inflows into major players’ funds suggest that investor confidence has not entirely disappeared.
