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Latest data shows that the ETF market on January 16th, Eastern Time, exhibits a divergent pattern.
The performance of Bitcoin spot ETFs has been lackluster, with total net outflows reaching $395 million. Only BlackRock's IBIT product experienced net inflows, reflecting cautious sentiment among institutions regarding the current price levels.
In contrast, Ethereum spot ETFs continue to perform strongly, with a net inflow of $4.6445 million yesterday, maintaining a net inflow for five consecutive days, indicating sustained institutional enthusiasm for increasing ETH holdings.
XRP spot ETFs also recorded a net inflow of $1.12 million, demonstrating relatively stable performance. Solana spot ETFs faced slight pressure, with net outflows of $2.22 million.
Overall, the fund performance across different cryptocurrencies varies significantly, with institutional sentiment on Bitcoin remaining cautious while continued allocation to Ethereum persists.