Bitcoin Spot ETF, First Net Outflow in 12 Days… 182.5 Billion Won Lost

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On January 1st, U.S. local time, a total net outflow of $131.35 million (approximately 182.5 billion won) occurred in the Bitcoin (BTC) spot ETF market. This is the first outflow case after a large-scale net inflow of $6.6 billion (approximately 9.174 trillion won) over the past 12 trading days, temporarily breaking the previous strong trend.

Among the outflows, ARK Invest's ARKB accounted for the largest proportion, with $77.46 million (approximately 107.8 billion won) withdrawn in a single day. According to the analysis by cryptocurrency data provider SoSoValue, Grayscale's GBTC also recorded an outflow of $36.75 million (approximately 51.1 billion won), and Fidelity's FBTC saw an outflow of $12.75 million (approximately 17.7 billion won).

Additionally, Bit Wise's BITB and Van Eck's HODL experienced small outflows of $1.91 million (approximately 2.7 billion won) and $2.48 million (approximately 3.4 billion won), respectively. In contrast, BlackRock's ($BLK) IBIT, which has the largest total assets under management, concluded trading without significant inflows or outflows.

However, the cumulative net inflow of Bitcoin spot ETFs still maintains $54.62 billion (approximately 76.998 trillion won), with total assets under management reaching $151.6 billion (approximately 213.724 trillion won). This represents approximately 6.52% of the current Bitcoin market capitalization, demonstrating the continued influence of institutional investors.

Market analysts explain that this outflow is likely a technical adjustment or profit-taking, making it difficult to determine a trend reversal. However, they note that macro variables such as policy changes related to the Trump presidency or U.S. interest rate trends could be important factors affecting ETF fund flows, requiring careful observation of future developments.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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