Positive Inflow Series Continues in Bitcoin and Ethereum Spot ETFs! Here Are the Details.
Bitcoin and Ethereum spot ETFs continue to experience significant inflows, reflecting strong institutional demand.
Bitcoin and Ethereum Spot ETFs See Steady Inflows, BlackRock Leads.
Total net inflows for Bitcoin spot ETFs reached $637 million, marking the 13th consecutive day of positive inflows. The largest single-day inflow was recorded by BlackRock's IBIT ETF, which saw net inflows of $418 million.
Ethereum spot ETFs also maintained their momentum with net inflows totaling $51.13 million on the same day. This marks the 16th consecutive day of net inflows for Ethereum-based products. BlackRock's ETHA ETF led the category with single-day net inflows of $30.72 million.
Sustained inflows into Bitcoin and Ethereum spot ETFs underscore the growing institutional confidence in crypto investment products as the market heads into 2024.
Analysts suggest that the recent influx is driven by optimism surrounding expectations for regulatory clarity, greater adoption of crypto-backed financial products, and a positive macroeconomic environment.
BlackRock's dominance of both Bitcoin and Ethereum ETF inflows underscores its influential role in bridging traditional finance and the cryptocurrency sector, further cementing digital assets as a maturing asset class.
