Bitcoin’s recent drop has put the average US spot Bitcoin ETF investor in the red for the first time, with an average cost basis around $89,600. Despite this, most long-term holders remain steady. Market conditions and easing signals play a crucial role in determining future trends. Bitcoin is currently trading at around $89,500.

US spot Bitcoin ETFs saw $254.6 million in outflows, marking the fifth consecutive day of losses. Withdrawals hit BlackRock’s iShares Bitcoin Trust, Fidelity’s Wise Origin Bitcoin Fund, ARK 21Shares Bitcoin ETF, and Bitwise Bitcoin ETF. Spot Ether ETFs also experienced steep outflows, with BlackRock’s iShares Ethereum Trust ETF taking a significant hit.

Solana ETFs defied the market trend with positive inflows on Monday. The Bitwise Solana Staking ETF and Grayscale Solana Trust ETF attracted new capital, totaling around $390 million in net inflows since their launch in late October. The consistent interest in Solana ETFs contrasts with the broader market downturn.

Read more at Cointelegraph: Average Bitcoin ETF Investor Now In The Red As BTC Slips Below $89,600