đ Overview of US Bitcoin and Ethereum spot ETF fund flows
According to SoSoValue data, US Bitcoin spot ETFs achieved a net inflow of $4.56 million on September 23, of which Fidelity's FBTC led with a single-day net inflow of $24.93 million, while Grayscale's GBTC saw a single-day net outflow of $40.33 million. Despite this, the total net asset value of Bitcoin spot ETFs reached $57.91 billion, the net asset ratio reached 4.63%, and the historical cumulative net inflow increased to $17.7 billion.
In contrast, the Ethereum spot ETF experienced a net outflow of $79.21 million on the same day, and Grayscale's ETHE had a single-day net outflow of up to $80.55 million. Bitwise's ETHW became the best performing Ethereum spot ETF with a single-day net inflow of $1.34 million. The total net asset value of the Ethereum spot ETF is $7.2 billion, the net asset ratio is 2.25%, and the historical cumulative net outflow has reached $687 million.
These data show that despite market volatility, Bitcoin ETFs continue to attract inflows, while Ethereum ETFs face outflows. Investors' attitudes towards the two major cryptocurrency ETFs show a clear difference.
What do you think is driving the continued appeal of Bitcoin ETFs? What might be the reason behind the outflow of funds from Ethereum ETFs? Will you adjust your cryptocurrency investment strategy based on this data?
