- Bitcoin ETFs faced $483M outflow with 5,180 BTC sold on January 20.
- Solana ETFs saw positive inflows of 28,180 SOL worth $3.08 million.
- Total net outflow from US spot crypto ETFs reached approximately $759.98M.
US spot crypto ETFs significant market movements were observed. Analyst Crypto Patel reported a major net outflow of approximately $759.98 million across various crypto ETFs.
Bitcoin ETFs took the largest hit, seeing a net outflow of 5,180 BTC, valued at $483.38 million. Ethereum ETFs also faced losses with 72,145 ETH exiting, totaling a decline of $230 million.
Meanwhile, Solana ETFs showed positive activity, adding 28,180 SOL, worth $3.08 million. XRP ETFs experienced a drop, with 26.86 million XRP leaving, losing $53.32 million. The report reveals how fluctuating investor sentiment continues to impact the crypto ETF market.
Bitcoin and Ethereum ETFs Struggle with Major Outflows
Bitcoin and Ethereum ETFs showed considerable outflows in the latest data. Bitcoin ETFs lost 5,180 BTC, worth $483.38 million, marking a significant shift in investor confidence.
These outflows occurred as large entities like Fidelity and Grayscale sold substantial amounts of Bitcoin, with Fidelity parting with 1,700 BTC and Grayscale selling 1,800 BTC in just one day. Ethereum ETFs also recorded a negative flow, with 72,145 ETH exiting, representing a $230 million drop in value.
In contrast, Solana ETFs saw growth, indicating that some altcoins continue to attract investor interest despite the downturn in major cryptocurrencies like Bitcoin and Ethereum.
Similarly, Chainlink ETFs reported an inflow of 328,470 LINK tokens, worth $4.05 million, contributing positively to the overall market movement. Despite these positive inflows, the overall net flow for US spot crypto ETFs remains negative, with significant outflows from the larger digital assets like Bitcoin and Ethereum.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
