🚀 Bitcoin and Ethereum Spot ETF Net Inflows/Outflows Overview Yesterday
Latest data shows that the net inflow for Bitcoin Spot ETFs in the United States reached $870 million yesterday, marking the fifth consecutive day of net inflows.
Among them, BlackRock's IBIT ETF led with a single-day net inflow of nearly $643 million, bringing its total net inflow to $24.94 billion. Fidelity's FBTC ETF followed closely with a net inflow of nearly $134 million, accumulating a total net inflow of $10.55 billion. Meanwhile, Grayscale's GBTC ETF saw a net outflow of $17.3 million yesterday, while its Bitcoin Mini Trust ETF BTC had a net inflow of $29.2 million.
Currently, the total net asset value of Bitcoin Spot ETFs is $72.55 billion, accounting for 5.07% of Bitcoin's market value, with a historical cumulative net inflow of $23.28 billion.
On the other hand, Ethereum Spot ETFs also welcomed a net inflow of $7.65 million yesterday. Among them, BlackRock's ETHA ETF led with a single-day net inflow of $13.62 million, accumulating a total net inflow of $1.29 billion. Grayscale's ETHE ETF had a net outflow of $5.97 million yesterday, while its Mini Trust ETF ETH had no net inflow/outflow for the day.
Currently, the total net asset value of Ethereum Spot ETFs is $7.26 billion, accounting for 2.3% of Ethereum's market value, with a historical cumulative net outflow of nearly $498 million.
In summary, the continuous net inflow into Bitcoin ETFs may indicate a positive market outlook for Bitcoin as a digital gold and safe-haven asset, especially against the backdrop of potential policy benefits in the upcoming U.S. elections. While the inflow into Ethereum ETFs is relatively small, it also reflects market recognition of Ethereum and its ecosystem's potential.
💬 Lastly, what are your thoughts on this trend of fund flows? Do you remain optimistic about the upcoming market for Bitcoin and Ethereum, or do you think there will be a short-term correction?
