Demand for spot Bitcoin and Ethereum ETFs in the U.S. has surged, reflecting a recovery in the cryptocurrency market. Recent data shows total net inflows into spot Bitcoin ETFs have reached $163.45 million. Major investment firms, such as ARK Invest and Fidelity, have attracted the most interest in Bitcoin ETFs, while Ethereum spot ETFs have experienced more limited inflows.
Intense Interest in Spot Bitcoin ETFs
Spot Bitcoin ETFs closed the most recent trading day with net inflows totaling $158 million. ARK Invest's 21Shares (ARKB) Bitcoin ETF led with net inflows of $81.07 million, followed closely by Fidelity's (FBTC) Bitcoin ETF with $49.88 million. Notably, major funds like Grayscale and BlackRock did not observe any inflows or outflows, particularly highlighting BlackRock's fund's lack of both investments and withdrawals.
This scenario indicates that interest in Bitcoin ETFs is predominantly concentrated on ARK Invest and Fidelity. Investors seem to be rekindling their interest in cryptocurrencies, especially as the crypto market shows signs of recovery.
Limited Interest in Spot Ethereum ETFs
Spot Ethereum ETFs wrapped up the day with more limited investment inflows. The iShares Ethereum Trust (ETHA) received net inflows of $5.24 million, making it the most invested spot Ethereum ETF, while other spot Ethereum ETFs did not register any inflows or outflows.
Overall, spot Ethereum ETFs closed the day with a total of $5.2 million in inflows, indicating lower interest compared to Bitcoin ETFs. This trend suggests that investors still prefer a Bitcoin-focused investment strategy.
In general, the increase in investments in both spot Bitcoin and Ethereum ETFs in the U.S. signals a renewed sense of confidence in the cryptocurrency market. The robust inflows into Bitcoin ETFs clearly demonstrate heightened investor interest in this area.
