💥💥💥 #bitcoin☀️ and #EthereumETFs See Major Gains: #ARK21Shares Adds $115.7M, Grayscale Ethereum Trust Adds $27.88M
Increased Fund Inflows into Bitcoin and Ethereum ETFs
Recent trends show significant capital inflows into Bitcoin and Ethereum ETFs as investors seek exposure to cryptocurrencies. Major players like ARK21Shares and Grayscale are seeing heightened demand.
Bitcoin ETFs Experience Strong Inflows
- Total Net Inflow: 5,572 $BTC (~$369.85 million)
- ARK21Shares: Inflows of 1,743 BTC ($115.7 million), total holdings now 47,599 BTC (~$3.16 billion).
- BlackRock's iShares Bitcoin Trust (IBIT): Added 1,434 BTC, totaling 363,626 BTC.
- Fidelity’s Wise Origin Bitcoin Fund (FBTC): Purchased 1,136 BTC, total holdings at 178,334 BTC.
- Other ETFs: Bitwise (774 BTC), Invesco Galaxy (336 BTC), Grayscale’s GBTC (minor outflow of 9 BTC, holding 220,949 BTC).
Ethereum ETFs Show Robust Growth
- Total Net Inflow: 22,921 $ETH ($61.66 million)
- Grayscale Ethereum Mini Trust: Purchased 10,365 ETH, total holdings at 390,385 ETH (~$1.05 billion).
- iShares Ethereum Trust: Added 5,757 ETH, total holdings at 379,360 ETH, with a weekly net inflow of 31,813 ETH.
- Other ETFs: Fidelity Ethereum Fund (6,000 ETH), Bitwise (359 ETH), Grayscale’s ETHE (outflow of 115 ETH, holding 1,686,892 ETH).
Growing Demand for Crypto ETFs
- The increasing interest in Bitcoin and Ethereum ETFs reflects a broader acceptance of #Cryptocurrencies as mainstream assets. ETFs provide a legal and convenient method for investors to gain exposure without needing to own the assets directly. Despite market volatility and regulatory uncertainties, firms like ARK21Shares and Grayscale are crucial in meeting investor demand for crypto ETFs.
Source - blockchainreporter.net
