📈 U.S. Bitcoin and Ethereum ETFs inflow/outflow last week
According to the latest data from SoSoValue, U.S. Bitcoin spot ETFs achieved a huge net inflow of nearly $998 million last week.
Among them, BlackRock's IBIT ETF led with a weekly net inflow of $1.15 billion, while ARK 21Shares Bitcoin ETF ARKB led with a weekly net outflow of $206 million. Grayscale's GBTC ETF continued its net outflow trend, with a weekly net outflow of $11.9 million.
Currently, the total net asset value of Bitcoin spot ETFs has reached $65.25 billion, accounting for 4.93% of Bitcoin's market value, and the historical cumulative net inflow is $21.93 billion.
As for Ethereum spot ETFs, there was a net outflow of $24.45 million last week.
Among them, Grayscale's ETHE ETF had a weekly net outflow of $56.34 million, while BlackRock's ETHA ETF led with a weekly net inflow of $19.1 million. Fidelity's FETH ETF also performed well, with a weekly net inflow of $6.25 million.
Currently, the total net asset value of the Ethereum spot ETF is $6.82 billion, accounting for 2.28% of the market value of Ethereum, and the historical cumulative net outflow is $504 million.
Does the huge net inflow of Bitcoin ETF and the net outflow of Ethereum ETF imply different views and expectations of investors on these two major cryptocurrencies? Is this a decisive signal made by the market for the current trend change?
💬 What do you think of these ETF fund flows? What do you think this data means for the short-term and long-term trend of the cryptocurrency market? Leave your views in the comment area!
