Spot Bitcoin ETFs in the US experienced a significant increase yesterday's trading day. A positive picture of $106 million emerged at the end of the day. The biggest factor behind this increase was BlackRock's spot Bitcoin ETF, which recorded the highest inflow in the last month. The company's ETF had a fund inflow of $184 million. On the other hand, funds from major players such as Fidelity and ARK Invest were withdrawn.
Strong Entry into BlackRock's ETF
BlackRock’s large investment was decisive in this positive outlook for spot Bitcoin ETFs. The company reached its highest level in the last month with an inflow of $184 million. This shows that investors’ interest in Bitcoin has increased and the environment of trust has strengthened. Compared to other spot Bitcoin ETFs, BlackRock’s investment of this volume has attracted the attention of the cryptocurrency world.
Fidelity’s spot ETF saw an outflow of $33 million. Following Fidelity, ARK Invest’s spot ETF saw an outflow of $47 million. Despite the outflow from these two major companies’ ETFs, the overall outlook remained positive with BlackRock’s major contribution. This could also increase the interest of other investors and companies in the market in spot Bitcoin ETFs.
Outlook Positive for Spot Ethereum ETFs
In addition to spot Bitcoin ETFs, ETH ETFs also closed yesterday's trading day positively. Spot Ethereum ETFs closed the day with a total inflow of $43 million. This table shows that investment interest in Ethereum has also increased and investors have a generally positive view of the cryptocurrency market.
Recent developments in the cryptocurrency market indicate that investors' interest in spot ETFs may increase. The high investment in BlackRock's fund supported the positive atmosphere in the market, and the outflows from ETFs of other leading companies were not enough to overshadow the general positive picture. Considering the increase in inflows in Ethereum ETFs, a general recovery signal is received in the cryptocurrency market.
