As of yesterday, spot Ethereum ETFs are still on an upward trend. The most prominent player, BlackRock's ETHA fund, saw net inflows of up to $49.12 million, in stark contrast to zero net inflows on Monday. Fidelity's FETH fund saw net inflows of $5.41 million, while Invesco's QETH fund saw net inflows of $813,690. However, Grayscale's ETHE fund saw net outflows of $31 million, down from its previous neutral level. On Tuesday, the trading volume of the nine spot Ethereum ETFs reached about $191 million, down from $285.9 million the day before.
Spot Bitcoin ETFs also continued to attract positive net inflows. BlackRock's IBIT fund led in inflows, reaching $34.55 million, followed by Fidelity's FBTC fund, which saw inflows of $22.56 million. Bitwise's BITB fund saw net inflows of $16.54 million. In contrast, Grayscale's GBTC fund continued its nine-day outflow pattern with $28.65 million in outflows. In addition, Ark and 21Shares' ARKB fund saw outflows of $6 million.
Total trading volume for spot Bitcoin ETFs was $1.18 billion yesterday, slightly lower than Monday's $1.3 billion. During this period, the price of Bitcoin rose 3.27% to $61,109 in the past 24 hours. Meanwhile, the value of Ethereum rose 2.1% to $2,713. These movements indicate strong market interest and positive investor sentiment. However, outflows from certain well-known funds such as Grayscale highlight the inherent volatility of the market.
In summary, despite the volatility of outflows from some funds, recent inflows into spot Ethereum and Bitcoin ETFs indicate that investor confidence is growing. Both cryptocurrencies remain a huge attraction for investors, as can be seen from the huge trading volumes and positive price adjustments. However, investors must always pay attention to market dynamics and inherent volatility when making investment decisions
