BTC and ETH ETFs have been observing substantial outflows following a period of continuous inflows. BTC ETFs recorded a net outflow of $370 million after six consecutive days of positive inflows.
Fidelity's FBTC ETF faced the largest single-day outflow of $175.11 million, even though it achieved a daily price gain of 4.79% to $80.06. This indicates investor sentiment towards BTC ETFs may be cautious despite favorable market conditions.
ARKB, another significant BTC ETF, similarly experienced an outflow of $108.58 million, while its price rose by 4.84% to $91.50, emphasizing a broader trend of liquidation amidst rising prices. Ethereum ETFs also noted outflows, following the trend seen in BTC ETFs, reflecting volatile market behavior.
