Bitcoin and Ethereum spot ETFs experienced significant net outflows on Jan. 13, signaling a potential shift in market sentiment.
What Happened: Bitcoin ETFs saw a combined net outflow of $284 million, while Ethereum ETFs recorded a total net outflow of $39.4 million, extending the outflow streak to four consecutive days for Ethereum products.
These outflows come as both assets have seen recent price corrections, prompting analysts to weigh in on the market’s current trajectory.
Despite the overall outflow trend, BlackRock‘s (NASDAQ:IBIT) and (NASDAQ:ETHA) ETFs posted the largest individual net inflows, with $29.4 million and $12.8 million, respectively, according to data from SoSo Value.
However, these inflows were not enough to offset the broader market trend.
Bitcoin (CRYPTO: BTC) was trading up 6% around $96,500, on Tuesday morning European time, after making a low of $89,800 late Monday night.
Also Read: Tether To Relocate Headquarters To El Salvador
What Experts Are Saying: Thomas Lee, CIO at Fundstrat Capital,
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