Latest data as of January 17th shows that the US Bitcoin spot ETF experienced a net outflow of $394.7 million yesterday, indicating a clear divergence in market funding.

In terms of product performance, BlackRock's IBIT attracted $15.1 million in net inflows, becoming the only Bitcoin spot ETF with a net inflow. Other leading products collectively saw outflows—Fidelity's FBTC led with a net outflow of $205.2 million, Bitwise's BITB outflow of $90.4 million, ARK's ARKB outflow of $69.4 million, and Grayscale's GBTC outflow of $44.8 million.

The Ethereum spot ETF remained relatively stable, recording a net inflow of $4.7 million yesterday. BlackRock's ETHA performed notably well with a net inflow of $14.9 million. However, Grayscale's ETHE still experienced an outflow of $10.2 million, reflecting investor preferences for different products.

Overall, this wave of capital flow reflects market volatility and a rebalancing of investor choices regarding ETF products. Large institutional products are favored, while some traditional products face capital pressure.