💰The Bitcoin spot ETF market continued to inflow this week, and the Ethereum spot ETF saw its first net inflow yesterday
According to the latest data from SoSoValue, the cryptocurrency market has seen positive capital inflows, with Bitcoin spot ETFs achieving net inflows for five consecutive days, with a total net inflow of $490 million yesterday, and a successful net inflow of $3.38 billion in a single week.
In this trend, BlackRock's IBIT ETF led with a single-day net inflow of $513 million, a single-week net inflow of $2.05 billion, and a historical total net inflow of $31.33 billion. Fidelity's FBTC ETF also performed well, with a single-day net inflow of $21.71 million, a single-week net inflow of nearly $773 million, and a cumulative net inflow of $11.54 billion.
In addition, although Grayscale's GBTC ETF and its Bitcoin Mini Trust BTC had a net outflow of $67.05 million and a net inflow of $5.72 million yesterday, respectively, they achieved a net outflow of $52.85 million and a net inflow of nearly $103 million in a single week. The historical cumulative net outflows were $20.33 billion and the net inflows were nearly $697 million.
As of now, the total net asset value of Bitcoin spot ETFs is $107.49 billion, accounting for 5.48% of the market value of Bitcoin, with a historical cumulative net inflow of $30.84 billion.
At the same time, after experiencing 6 days of net outflows, the Ethereum spot ETF market also ushered in a net inflow of $91.21 million for the first time yesterday, and achieved a net outflow of $71.6 million this week.
In this trend, BlackRock's ETHA ETF led with a single-day net inflow of $99.68 million, a single-week net inflow of $78.34 million, and a cumulative net inflow of $1.8 billion. Fidelity's FETH ETF also performed strongly, with a single-day net inflow of $5.7583 million, but a single-week net outflow of $51.71 million, and a cumulative net inflow of $704 million.
Grayscale's ETHE and Ethereum Mini Trust ETH had net outflows of $18.56 million and nearly $621,100 respectively yesterday, achieving net outflows of $95.56 million and nearly $12.98 million respectively in a single week, with a historical cumulative net outflow of $3.34 billion and a net inflow of $367 million respectively.
As of now, the total net asset value of Ethereum spot ETF is $9.69 billion, accounting for 2.44% of the market value of Bitcoin, with a historical cumulative net inflow of nearly $107 million.
In summary, overall, the positive capital inflows in the cryptocurrency ETF market indicate that the market is full of confidence and the fundamentals are still healthy.
