🚀Both Bitcoin and Ethereum ETFs saw net inflows last week, and are they still optimistic this week?
Last week, Bitcoin ETF funds continued to pour in, with a total inflow of $2.13 billion, successfully achieving two consecutive weeks of net asset inflows.
Among them, BlackRock's IBIT Bitcoin ETF became the big winner, attracting $1.14 billion in a week, and the cumulative net inflow reached an astonishing $22.84 billion. Fidelity's FBTC followed closely behind, with a net inflow of nearly $319 million in a single week and a cumulative net inflow of $10.3 billion. Although Grayscale's GBTC had a net inflow of $91.47 million last week, the total amount was still at a cumulative net outflow of $20.1 billion.
Currently, the total net asset value of Bitcoin ETF has reached $66.11 billion, accounting for 4.89% of the total market value of Bitcoin, and the cumulative net inflow has reached $20.94 billion.
🌟 Ethereum ETF is not far behind, with a net inflow of $78.89 million last week, which may indicate signs of a reversal of capital outflows in the next few weeks.
Among them, BlackRock's ETHA Ethereum ETF performed the best, with a net inflow of $49.76 million last week and a cumulative net inflow of $1.26 billion. Fidelity's FETH also performed well, with a net inflow of $43.52 million last week and a cumulative net inflow of $498 million. However, Grayscale's ETHE Ethereum Trust ETF was not so positive, with a net outflow of $31.03 million last week and a cumulative net outflow of $3.01 billion.
Currently, the total net asset value of the Ethereum ETF is $7.35 billion, accounting for 2.31% of the total market value of Ethereum, but the cumulative net outflow is nearly $480 million. This may indicate that the market's enthusiasm for Ethereum needs to be improved!
🗣 Conclusion:
For the coming week, if this positive market sentiment and capital inflow trend continues, we can expect Bitcoin and Ethereum ETFs to continue to attract more funds. However, there is always uncertainty in the market, and any regulatory changes, changes in market sentiment, or macroeconomic factors may affect capital inflows. Therefore, although the market looks optimistic in the short term, investors still need to be cautious.
💸 Friends, has the spring of cryptocurrency and its derivative ETF really come? What do you think of this wave of capital inflow? Are you more interested in investing in cryptocurrency ETFs or cryptocurrency spot?
