This week, the net outflow of US spot Bitcoin and Ethereum ETFs was $829.9 million and $189.9 million respectively

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ODAILY
16 hours ago
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Odaily reported that according to Lin Chen, the Asia-Pacific business manager of , this week the BTC ETF had a net outflow of $829.9 million, with a reduction of 10,358.34 BTC, only a slight inflow of 160.44 BTC on Wednesday, and net outflows the rest of the time. Among them, BlackRock reduced 4,239.38 BTC, and Fidelity reduced 3,813.02 BTC. The current price is hovering around $84,000, and the market fear and greed index is 30 (fear), with the market sentiment being low in the short term. The Federal Reserve's interest rate meeting on March 20 and the tariffs to be implemented in April are challenging market confidence. Meanwhile, this week the ETH ETF had a disastrous capital outflow, with a net outflow of $189.9 million and a reduction of 99,266.82 ETH. Among them, BlackRock reduced 33,776.47 ETH, and Fidelity reduced 31,695.05 ETH, with heavy selling pressure. The ETH price has fallen below the $2,000 mark, and the ETH/BTC exchange rate is also constantly declining, currently at only 0.0229.

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