💰BlackRock leads BTC and ETH spot ETFs to continue to see net inflows, but a slight market correction has attracted widespread attention
According to SoSoValue data, Bitcoin spot ETFs saw a net inflow of nearly 4.94 yesterday, achieving net inflows for the 14th consecutive day.
Among them, BlackRock's ETF IBIT had a net inflow of up to $741 million in a single day, with a cumulative net inflow of $37.04 billion. Grayscale's mini-trust ETF BTC and VanEck's ETF HODL had small net inflows of $3.78 million and $3.01 million in a single day, respectively.
It is worth noting that Fidelity's Bitcoin ETF FBTC, Grayscale's trust ETF GBTC, Bitwise's ETF BITB and Ark&21Shares' ETF ARKB saw $128 million, $84.71 million, $24.36 million and $17.01 million in a single day, respectively.
At present, the total net asset value of Bitcoin spot ETF has reached 121.68 billion US dollars, accounting for 5.76% of the total market value of Bitcoin, and the cumulative total net inflow is 36.73 billion US dollars.
On the same day, the Ethereum spot ETF had a net inflow of nearly 145 million US dollars in a single day, achieving a net inflow of funds for the 17th consecutive day. Among them, BlackRock's ETF ETHA had a net inflow of nearly 135 million US dollars in a single day, and the cumulative net inflow reached 3.36 billion US dollars. Grayscale's Ethereum Mini Trust ETF ETH, Fidelity's ETF FETH, and Franklin's ETF EZET had a single-day net inflow of 4.45 million US dollars, 3.94 million US dollars, and 1.5 million US dollars, respectively.
At present, the total net asset value of Ethereum spot ETF is 14.04 billion US dollars, accounting for 2.96% of the total market value of Ethereum, and the historical cumulative total net inflow is 2.46 billion US dollars.
Overall, in the cryptocurrency ETF market yesterday, BlackRock's Bitcoin ETF IBIT and Ethereum ETF ETHA led with significant capital inflows, while other ETFs showed a relatively flat trend. This highlights BlackRock's leadership, or reflects investors' trust and preference for its brand and products. With the inflow of funds, its influence is expected to be further enhanced.
At the same time, the entire cryptocurrency spot market showed a slight correction today. If BlackRock is affected by the market correction and follows suit, it may cause investors to worry about the future direction of the cryptocurrency ETF market.
💬With the current slight correction in the cryptocurrency spot market, what do you think of the future trend of the spot market?
