Orhan 
Following declines in Bitcoin and cryptocurrency prices, Bitcoin spot ETFs recorded a net outflow of $284 million on January 13.
The market recently experienced a significant downturn that left investors reeling. Despite minor recoveries, prices have yet to reach desired levels. These drops appear to have impacted not only cryptocurrency investors but also more traditional investment groups.
Institutional and traditional investors, particularly those affected by sudden Bitcoin price drops, have been exiting Bitcoin ETFs.
Yesterday, BlackRock’s IBIT ETF saw $29.46 million in new capital inflows, while Fidelity’s FBTC ETF recorded $113.6 million in outflows. Overall, Bitcoin spot ETFs experienced a net outflow of $284 million on January 13.
A similar trend was observed in Ethereum spot ETFs. As of January 13, a total net outflow of $39.43 million was reported, marking the fourth consecutive day of outflows.
BlackRock’s ETHA ETF recorded the largest net inflow yesterday at $12.89 million, while Grayscale’s ETH ETF stood out with a notable net outflow of $37.84 million.
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