💰 US Bitcoin and Ethereum spot ETFs have net inflows for 6 consecutive days, and the bullish sentiment remains?
According to the latest data from SoSoValue, the US Bitcoin spot ETF achieved a total net inflow of US$510 million on November 13, and has achieved net inflows for the sixth consecutive day.
In this trend, BlackRock's ETF IBIT leads with a single-day net inflow of nearly US$231 million, and the historical total net inflow has reached US$29.15 billion. Fidelity's ETF FBTC follows closely, with a single-day net inflow of US$186 million and a historical total net inflow of US$11.12 billion. Grayscale Bitcoin ETF GBTC and Grayscale Bitcoin Mini ETF BTC had net inflows of US$0.00 and US$61.3 million respectively on a single day.
Currently, the total net asset value of Bitcoin spot ETFs is US$954 billion, accounting for 5.38% of the Bitcoin market value, and the historical cumulative total net inflow is US$28.23 billion.
On the other hand, the Ethereum spot ETF also achieved a total net inflow of nearly $147 million yesterday, also achieving a net inflow of funds for the sixth consecutive day. The historical cumulative net inflow of Ethereum spot ETF has achieved a positive inflow of funds for the first time since the day before yesterday.
Among them, Fidelity's ETF FETH led with a net inflow of nearly $102 million per day, with a historical total net inflow of nearly $775 million, while BlackRock's ETF ETHA followed closely with a single-day net inflow of $35.63 million, with a historical total net inflow of $1.71 billion. Ranked third is Bitwise's ETF ETHW, with a single-day net inflow of $13 million and a historical total net inflow of $373 million.
Grayscale Ethereum Trust ETF ETHE and Grayscale Ethereum Mini Trust ETF ETH had a net outflow of $5.6 million and a net inflow of $2.15 million per day, respectively.
At present, the total net asset value of Ethereum spot ETF is $9.48 billion, accounting for 2.48% of Ethereum's market value, and the historical cumulative total net inflow is nearly $242 million.
Viewpoint:
Despite the volatility of the cryptocurrency spot market, the continued inflow of crypto ETF funds shows investors' confidence in the long-term growth potential of the market.
At the same time, the historical cumulative net inflow of Ethereum ETF has achieved positive inflow for the first time since the day before yesterday, and Bitcoin's market share has also broken through the key resistance level of 60%, which may indicate that altcoins have greater growth potential in the future.
