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Bitcoin spot ETFs are experiencing a collective net outflow. According to the latest data, on January 7th Eastern Time, the total net outflow for these products reached $486.08 million, with none of the twelve ETFs in the market showing a net inflow, resulting in a rare overall outflow situation.
The biggest decline was seen in Fidelity's FBTC, which had a single-day net outflow of $247.62 million. However, in the long term, this ETF remains attractive, with a cumulative historical net inflow of $11.83 billion.
BlackRock's IBIT followed closely, with a net outflow of $129.96 million yesterday. As a major product in the market, IBIT has a total historical net inflow of $62.85 billion, maintaining a strong position.
From the overall market perspective, the total net asset value of Bitcoin spot ETFs currently stands at $118.36 billion, accounting for 6.51% of Bitcoin's total market capitalization. Since the launch of these products, the cumulative net inflow has exceeded $57.05 billion, reflecting ongoing interest from traditional financial institutions in this asset class.