🔥 Bitcoin and Ethereum spot ETFs yesterday's net inflow/outflow

According to SoSoValue data, on October 7, Bitcoin spot ETFs welcomed a total net inflow of US$235 million, making its total ETF asset value exceed US$58.8 billion, accounting for 4.72% of the Bitcoin market value.

Among them, Fidelity's ETF FBTC led with a single-day net inflow of US$104 million yesterday, and its historical total net inflow reached US$9.95 billion. BlackRock's ETF IBIT also performed well, with a single-day net inflow of US$97.88 million, and its historical total net inflow reached US$21.66 billion.

Grayscale's ETF GBTC and Bitcoin Mini Trust ETF BTC had no capital flow on that day, among which GBTC's historical net outflow was US$20.14 billion, while BTC's single-day net inflow was US$422 million.

In contrast, the performance of the Ethereum spot ETF on October 7 was relatively flat, with a total net inflow of zero. This was the second time that the ETF had a single-day net inflow of zero since its launch. The last time was on August 30. Currently, the total net asset value of the Ethereum spot ETF is US$6.7 billion, accounting for 2.28% of the market value of Ethereum, and the historical cumulative net outflow has reached US$554 million.

🧐 Viewpoint:

Although the Bitcoin ETF shows an inflow of funds, investors still need to be wary of the risks brought by market volatility. For those seeking a diversified portfolio, ETFs may provide a relatively safe way to invest in cryptocurrencies. But while pursuing high returns, the importance of risk management should not be ignored.

At the same time, regulatory policies in different countries, such as the development of the situation in the Middle East and the latest actions of the Federal Reserve, may have a direct impact on the performance of cryptocurrency ETFs and the market conditions of the cryptocurrency market. Therefore, investors need to pay close attention to market dynamics, as this may have a significant impact on the flow of funds and overall market sentiment of the ETF.

💬Do you think the strong performance of the Bitcoin ETF will continue? In the current market environment, would you consider investing in cryptocurrency spot ETFs or directly buying and holding cryptocurrencies?

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