📊 Overview of Bitcoin and Ethereum Spot ETF Inflow/Outflow Data Yesterday
Yesterday, the Bitcoin spot ETF market experienced significant capital inflow, with a total inflow of up to $402 million in a single day.
Among them, Grayscale's ETF GBTC had no single-day capital movement, but its historical net outflow has reached $20.11 billion. Meanwhile, Grayscale's Bitcoin Mini Trust ETF BTC achieved a single-day net inflow of $5.92 million. BlackRock's ETF IBIT led the way with a nearly $292 million single-day net inflow, while Fidelity's ETF FBTC also performed well with a net inflow of $56.95 million.
As of now, the total net asset value of Bitcoin spot ETFs is $65.25 billion, accounting for 4.93% of Bitcoin's market value, with a historical cumulative net inflow rising to $21.93 billion.
On the other hand, the Ethereum spot ETF faced a slight capital outflow yesterday, with a total outflow of $19.16 million, mainly contributed by Grayscale's Ethereum Trust ETF ETHE.
Currently, the total net asset value of Ethereum spot ETFs is $6.82 billion, accounting for 2.28% of Ethereum's market value, with a historical cumulative net outflow of $504 million.
🗣️ Conclusion:
This morning, the price of Bitcoin experienced a brief drop due to Israel's military actions against Iran, but the inflow of capital into cryptocurrency ETFs indicates that investors have confidence in Bitcoin-related safe-haven assets.
Although market volatility continues, the inflow data seems to tell us that even amidst various geopolitical uncertainties, investors still see the potential of Bitcoin as a safe-haven asset.
💬 Do you think this inflow trend will continue? In the current geopolitical environment, do you believe Bitcoin can maintain its position as a safe-haven asset? Leave your thoughts in the comments!
