Glassnode reports persistent negative net inflows in US Bitcoin and Ethereum ETFs
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Bitcoin and Ethereum ETF flows have been negative since early November. Glassnode cites a trend of declining institutional participation and a market-wide reduction in liquidity.
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US bitcoin and ethereum ETF net flows have remained negative since early November, according to blockchain analysis firm Glassnode. The 30-day simple moving averages for both asset classes turned negative in early November and remained below zero.
Glassnode attributed the event to a “muted phase of participation and partial disengagement from institutional distributors, reinforcing the widespread reduction in liquidity in the crypto market.”
The firm tracks 11 bitcoin ETFs, including products from BlackRock, Fidelity, Grayscale, Ark/21 Shares, Bitwise, VanEck, Valkyrie, Invesco/Galaxy, Franklin Templeton and WisdomTree.
Ethereum coverage includes nine ETFs from BlackRock, Grayscale, Fidelity, 21 Shares, Bitwise, VanEck, Invesco/Galaxy and Franklin Templeton.
