💰BlackRock leads BTC and ETH spot ETF continued net inflow of funds, but the market's slight adjustment has drawn widespread attention
According to SoSoValue data, yesterday the net inflow of funds for Bitcoin spot ETF was nearly $4.94 million, marking the 14th consecutive day of net inflow.
Among them, BlackRock's ETF IBIT had a single-day net inflow of up to $741 million, with a cumulative net inflow of $37.04 billion. Meanwhile, Grayscale's mini trust ETF BTC and VanEck's ETF HODL had slight net inflows of $3.78 million and $3.01 million respectively.
It is worth noting that Fidelity's Bitcoin ETF FBTC, Grayscale's trust ETF GBTC, Bitwise's ETF BITB, and Ark's ETF ARKB had single-day net inflows of $128 million, $84.71 million, $24.36 million, and $17.01 million respectively.
Currently, the total net asset value of Bitcoin spot ETFs has reached $121.68 billion, accounting for 5.76% of the total market capitalization of Bitcoin, with a cumulative total net inflow of $36.73 billion.
On the same day, Ethereum spot ETF saw a net inflow of nearly $145 million, achieving a consecutive 17 days of net inflow. Among them, BlackRock's ETF ETHA saw a single-day net inflow of nearly $135 million, with a cumulative net inflow of $3.36 billion. Grayscale's Ethereum mini trust ETF ETH, Fidelity's ETF FETH, and Franklin's ETF EZET had single-day net inflows of $445,000, $394,000, and $150,000 respectively.
Currently, the total net asset value of Ethereum spot ETFs is $14.04 billion, accounting for 2.96% of the total market capitalization of Ethereum, with a historical cumulative total net inflow of $2.46 billion.
In summary, in yesterday's cryptocurrency ETF market, BlackRock's Bitcoin ETF IBIT and Ethereum ETF ETHA led significantly in fund inflows, while other ETFs exhibited relatively subdued performance. This highlights BlackRock's leadership position and may reflect investors' trust and preference for its brand and products. With the inflow of funds, its influence is expected to further strengthen.
At the same time, the entire cryptocurrency spot market experienced a slight adjustment today. If BlackRock is subsequently influenced by the market adjustment and follows suit, it may trigger investor concerns about the future direction of the cryptocurrency ETF market.
💬In the context of a slight adjustment in the current cryptocurrency spot market, what are your views on the upcoming trends in the spot market?