💰 Bitcoin spot ETFs have seen a net inflow for 9 consecutive days, while Ethereum spot ETFs have sustained a net inflow for 12 days.
According to SoSoValue data, the US Bitcoin spot ETF achieved a total net inflow of nearly $440 million yesterday, marking its 9th consecutive day of inflows.
Among them, BlackRock's ETF IBIT led with a single-day net inflow of nearly $296 million, while Fidelity's ETF FBTC also saw a net inflow of $210 million. Ark 21Shares' ETF ARKB had a single-day net inflow of $5.77 million. Grayscale's Bitcoin Mini Trust ETF BTC recorded a net inflow of $6.42 million, while Grayscale's ETF GBTC experienced a net outflow of $62.82 million.
Currently, the total net asset value of Bitcoin spot ETFs stands at $107.76 billion, accounting for 5.65% of Bitcoin's market capitalization, with a cumulative total net inflow of $34.35 billion.
On the same day, Ethereum spot ETFs also achieved a total net inflow of $306 million, marking the 12th consecutive day of inflows.
Among them, Fidelity's ETF FETH led with a single-day net inflow of $202 million, while BlackRock's ETF ETHA saw a net inflow of $81.66 million. Grayscale's Ethereum Mini Trust ETF ETH had a single-day net inflow of $25.84 million. However, Grayscale's Ethereum Trust ETF ETHE experienced a net outflow of $3.99 million.
Currently, the total net asset value of Ethereum spot ETFs is $12.46 billion, accounting for 2.84% of Ethereum's market capitalization, with a historical cumulative net inflow of $1.87 billion.
🗣️ Conclusion:
Although the overall Bitcoin spot market has shown a trend of correction this week, the cryptocurrency ETF market continues to experience sustained net inflows, reflecting institutional investors' optimism and potential expectations for the cryptocurrency market.
In particular, the outstanding performance of ETFs from financial giants like BlackRock and Fidelity further proves institutional investors' active positioning in the cryptocurrency sector.
💬 Do you think this trend of net inflows into cryptocurrency ETFs will continue? What impact will active positioning by institutional investors have on the future development of the cryptocurrency market?