đ„ Yesterday's Bitcoin and Ethereum spot ETF net inflow/outflow
According to SoSoValue data, Bitcoin spot ETF welcomed a total net inflow of US$253 million on October 12, making its total ETF asset value exceed US$58.6 billion, accounting for 4.71% of Bitcoin's market value.
Among them, Grayscale GBTC ETF had a net outflow of US$22.09 million, and the total historical net outflow of GBTC was US$22.09 million; Grayscale Bitcoin Mini Trust ETF BTC had zero inflow and outflow, and the historical cumulative net inflow was US$401 million. The ETF with the largest net inflow on that day was Fidelity ETF FBTC, with a net inflow of US$117 million and a historical cumulative net inflow of US$9.99 billion; followed by Ark Invest & 21Shares' ARKB ETF, with a net inflow of US$97.58 million and a historical cumulative net inflow of US$2.55 billion.
In contrast, the performance of Ethereum spot ETF was relatively sluggish, with a net outflow of US$97,000 on October 12. At present, the total net asset value of Ethereum spot ETF is $67.4, accounting for 2.28% of Ethereum's market value, and the historical cumulative net outflow has reached $558 million.
From this, it can be seen that although there was still a small outflow in the Ethereum spot ETF market yesterday, the overall data showed an inflow trend, indicating that mainstream investors' interest in cryptocurrency ETFs is recovering. For those of us who pay attention to cryptocurrencies, the capital flow of cryptocurrency ETFs may be a market indicator and deserves close attention.
đŹ What do you think about the capital flow of these ETFs? Do you think the capital flow of cryptocurrency ETFs can be used as a reliable indicator of market trends?
