Bitcoin spot ETF and Ethereum ETF achieved net inflows for 5 and 8 consecutive days respectively
According to the latest data from SoSoValue, Bitcoin spot ETF had a net inflow of nearly $557 million yesterday, achieving a net inflow of funds for 5 consecutive days.
In this trend, BlackRock's ETF IBIT performed particularly well, with a net inflow of nearly $572 million in a single day, setting a historical record for single-day net inflows, and its cumulative net inflow has reached $33.34 billion.
At the same time, Grayscale's Bitcoin Mini Trust ETF BTC also showed a positive trend, with a net inflow of $55.71 million in a single day and a cumulative net inflow of $785 million.
In contrast, Grayscale's ETF GBTC had a single-day net outflow of $94.31 million, and a cumulative net outflow of $20.64 billion.
At present, the total net asset value of Bitcoin spot ETF is $108.23 billion, accounting for 5.54% of the total market value of Bitcoin, and the historical cumulative total net inflow has reached $32.29 billion.
On the other hand, the Ethereum spot ETF had a net inflow of nearly $168 million yesterday, also achieving a net inflow of funds for 8 consecutive days.
Among them, BlackRock's ETF ETHA performed the best among Ethereum spot ETFs, with a net inflow of $124 million in a single day and a cumulative net inflow of $2.35 billion. Fidelity's ETF FETH also performed well, with a net inflow of $40.68 million in a single day and a cumulative net inflow of $959 million.
Grayscale's Ethereum Mini Trust ETF ETH had a net inflow of $8.79 million in a single day and a cumulative net inflow of $429 million.
Grayscale's Ethereum Trust ETF ETHE had a net outflow of $6.21 million in a single day, with a cumulative net outflow of $3.42 billion.
Currently, the total net asset value of Ethereum spot ETF is $12.26 billion, accounting for 2.62% of Ethereum's total market value, and the historical cumulative net inflow has reached $898 million.
Conclusion:
Although Grayscale's GBTC and ETHE experienced net outflows, which is also a continuation of Grayscale's previous stock split strategy (split into mini BTC and ETH, friendly to retail investors), this did not affect the positive trend of overall market net inflows.
The continuous inflows of funds into the spot ETFs of these two major cryptocurrencies not only reflect the market's continued interest in cryptocurrencies, but also show investors' continued confidence in these asset classes.
What do you think of the continuous inflows of funds into cryptocurrency ETFs? Would you consider following the trend or stay on the sidelines?
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