🚀The first day of net inflow after 2 days of outflow for Bitcoin ETF, Ethereum spot ETF continues 4 days of net inflow
According to the latest data from SoSoValue, yesterday the total net inflow of the US Bitcoin spot ETF was $103 million, marking the first day of net inflow after two consecutive days of outflow.
Among them, the ETF with the highest single-day net inflow was Bitwise ETF BITB, with a net inflow of $48.05 million in a single day, bringing the cumulative net inflow to $2.21 billion; followed by Fidelity ETF FBTC with a net inflow of $40.24 million in a single day, with a cumulative net inflow of $11.35 billion. Grayscale Bitcoin Trust ETF BTC and Grayscale ETF GBTC had net inflows of $11.99 million and $0 net outflow respectively in a single day.
As of now, the total net asset value of Bitcoin spot ETFs is $104.32 billion, accounting for 5.46% of Bitcoin's market value, with a historical cumulative net inflow of $30.38 billion.
On the same day, the total net inflow of the US Ethereum spot ETF was $90.1 million, achieving a continuous 4 days of net inflow.
Among them, the ETF with the highest single-day net inflow was Fidelity ETF FETH, with a net inflow of $38.01 million in a single day, with a cumulative net inflow of $745 million; followed by Grayscale ETF ETH with a net inflow of $37.29 million in a single day, with a cumulative net inflow of nearly $417 million. VanEck ETF ETHV and Bitwise ETF ETHW ranked third and fourth with single-day net inflows of $13.25 million and $1.56 million, respectively. In addition, other ETFs had no single-day net inflow/outflow.
Currently, the total net asset value of Ethereum spot ETFs is $10.8 billion, accounting for 2.47% of Ethereum's market value, with a historical cumulative total net inflow of $240 million.
🗣️ Opinion:
Although the Bitcoin spot ETF faced capital outflows in the first two days, it returned with a net inflow of $103 million yesterday, while the Ethereum ETF also recorded a capital inflow of $90.1 million, indicating that market confidence in these two major cryptocurrencies remains strong.
At the same time, the prices in the Bitcoin and Ethereum spot markets also saw an increase of over 7% and 13% respectively early this morning. If the ETF market maintains the current optimistic sentiment in the coming days, it is expected to continue to support the prices of Bitcoin and Ethereum towards significant milestones.
💬 Lastly, what are your thoughts on the inflow trends of Bitcoin and Ethereum ETFs? In the last few days of this month, are you bullish or bearish?
