💸 Bitcoin spot ETF has achieved net inflows for five consecutive days, and the inflow of Ethereum spot ETF is nearly twice that of yesterday!
According to the latest data from Sosovalue, the US Bitcoin spot ETF market continues to be hot, with a total net inflow of US$470 million yesterday, and has achieved net inflows for the fifth consecutive day.
Among them, BlackRock's ETF IBIT led with a single-day net inflow of US$309 million, with a cumulative net inflow of US$22.77 billion; and ARK 21Shares' ETF ARKB followed closely with a single-day net inflow of more than US$100 million, with a cumulative net inflow of US$2.75 billion; ranked third was Grayscale's GBTC, with a single-day net inflow of US$45.7 million and a cumulative net inflow of US$20.1 billion.
As of now, the total net asset value of Bitcoin spot ETF is US$64.06 billion, and its ETF net asset ratio has reached 4.84%, and the historical cumulative net inflow has increased to US$20.66 billion.
At the same time, Ethereum spot ETF also performed well, with a total net inflow of $48.41 million yesterday, nearly twice the net inflow of yesterday.
Among them, Fidelity's ETF FETH led with a single-day net inflow of $31.12 million, with a cumulative net inflow of $498 million; and BlackRock's ETF ETHA followed closely with a net outflow of $23.56 million, with a cumulative net inflow of $1.26 billion. It is worth noting that Grayscale's ETF ETHE alone had a total net outflow of $15.74 million yesterday, with a cumulative net outflow of $3.01 billion.
At present, the total net asset value of Ethereum spot ETF is $7.18 billion, the ETF net asset ratio is 2.3%, and the historical cumulative net outflow is nearly $482 million.
🗣️ Conclusion:
With the net inflow of funds in Bitcoin spot ETF for five consecutive days and the significant increase in the inflow of Ethereum spot ETF, the market has shown strong interest and confidence in cryptocurrency ETFs.
At the same time, these data not only reflect investors' enthusiasm for the cryptocurrency market, but also reflect that its related ETF products are attracting more and more capital inflows, which may indicate that the cryptocurrency market is consolidating its position in the traditional financial world.
💬 What do you think of this continuous inflow of funds? Do you think this trend will continue? Or will the cryptocurrency market suddenly have a big pullback like the previous fluctuations?
