Bitcoin spot ETF achieved net inflows for three consecutive days, with an inflow of nearly $1.2 billion!

According to the latest data from Sosovalue, Bitcoin spot ETF had a net inflow of $371 million yesterday, which made Bitcoin spot ETF achieve a net inflow of nearly $1.2 billion for three consecutive days.

Among them, BlackRock's ETF IBIT performed particularly well, with a single-day net inflow of up to $289 million, and its historical total net inflow has reached $22.07 billion. In addition, Fidelity's ETF FBTC also performed well, with a single-day net inflow of $35.03 million and a historical total net inflow of $10.26 billion. Although Grayscale's GBTC ETF had a single-day net inflow of $7.99 million, its historical net outflow accumulated to $20.14 billion.

Currently, the total net asset value of Bitcoin spot ETF is $63.13 billion, the ETF net asset ratio (market value to Bitcoin's total market value) is 4.8%, and the historical cumulative net inflow has reached $19.73 billion.

At the same time, the Ethereum spot ETF market showed a net outflow of funds, with a net outflow of $12.7 million yesterday.

Among them, Grayscale's ETHE ETF had a net outflow of $15.29 million in a single day, and a cumulative net outflow of $3 billion in history. In contrast, Fidelity's ETF FETH had a net inflow, with a net inflow of $2.59 million in a single day and a total net inflow of $458 million in history.

As of now, the total net asset value of the Ethereum spot ETF is $7.1 billion, the net asset ratio is 2.29%, and the cumulative net outflow is about $555 million.

Conclusion:

The Bitcoin spot ETF market has a net inflow of nearly $1.2 billion for three consecutive days, showing investors' strong confidence in cryptocurrencies. In contrast, the Ethereum spot ETF market is slightly deserted, with a net outflow of $12.7 million yesterday and a cumulative net outflow of about $555 million in history.

The significant difference in fund flows reveals the change in preferences within the cryptocurrency market, indicating that although the overall enthusiasm has not diminished, investors' focus may be shifting. This means that in cryptocurrency investment, more detailed and flexible strategies are needed to cope with market changes.

💬Do you think the strong performance of the crypto market in recent days is mainly due to the inflow of funds from Bitcoin spot ETFs? Do you think this trend will continue?What do you think of the market's recent reaction?