📈 U.S. Bitcoin and Ethereum Spot ETFs Continue to Attract Capital, Why Did the Market Decline Instead of Rising?
According to the latest data from SoSoValue, the U.S. Bitcoin Spot ETF achieved a total net inflow of $32.21 million on October 31, marking seven consecutive days of net capital inflow.
Among them, BlackRock's ETF IBIT led with a single-day net inflow of nearly $319 million, bringing its historical total net inflow to $26.14 billion. Valkyrie's ETF BRRR followed closely with a single-day net inflow of $1.89 million, accumulating a historical total net inflow of nearly $546 million. Despite Grayscale's GBTC experiencing a single-day net outflow of $31.15 million, its Bitcoin Mini Trust ETF BTC had no capital movement, maintaining a historical total net inflow of $489 million.
Currently, the total net asset value of Bitcoin Spot ETFs is $70.86 billion, accounting for 5.12% of the Bitcoin market capitalization, with a historical cumulative net inflow of $24.21 billion.
Regarding Ethereum Spot ETFs, the single-day net inflow on October 31 was $13.06 million, also achieving three consecutive days of net capital inflow.
Among them, Grayscale's ETHE Trust ETF experienced a single-day net outflow of $36.58 million, with a total historical net outflow of $3.12 billion. Meanwhile, BlackRock's ETF ETHA led with a single-day net inflow of $49.64 million, accumulating a historical total net inflow of $1.34 billion.
Currently, the total net asset value of Ethereum Spot ETFs is $6.96 billion, accounting for 2.29% of the Ethereum market capitalization, with a historical cumulative net outflow of nearly $481 million. These data reflect the market's ongoing interest and investment dynamics in cryptocurrency ETFs.
🗣 Conclusion:
Although the capital inflow into Bitcoin and Ethereum Spot ETFs continues to increase, yesterday's market prices did not rise in tandem, possibly due to a combination of factors such as market accumulation phase, macroeconomic uncertainty, market volatility, and waiting for more catalysts. Investors should remain patient, focus on long-term trends, and be prepared to cope with short-term market fluctuations.
💬 What are your thoughts on the ongoing capital inflow into Bitcoin and Ethereum Spot ETFs? Do you think this trend will continue? Why did yesterday's market decline instead of rising under this trend? Share your views in the comments section!
