💰 Bitcoin and Ethereum Spot ETFs Continue to Attract Capital, BlackRock's Inflows Reach New Highs
According to the latest data from SoSoValue, Bitcoin Spot ETF saw a net inflow of nearly 767 million USD yesterday, achieving a consecutive 6-day net inflow of funds.
In this trend, BlackRock's ETF IBIT performed particularly well, with a single-day net inflow of nearly 771 million USD, setting a new historical record for single-day net inflows, with a cumulative net inflow totaling 34.11 billion USD.
Following closely is Grayscale's Bitcoin Mini Trust ETF BTC, with a single-day net inflow of 95.35 million USD and a cumulative net inflow reaching 880 million USD. Fidelity's ETF FBTC had a single-day net inflow of 47.47 million USD, bringing its cumulative net inflow to 11.6 billion USD.
Currently, the total net asset value of Bitcoin Spot ETFs is 109.15 billion USD, accounting for 5.57% of Bitcoin's total market cap, with a cumulative total net inflow of 33.06 billion USD.
Meanwhile, Ethereum Spot ETF saw a net inflow of nearly 428 million USD yesterday, marking a consecutive 9-day net inflow of funds.
Among them, BlackRock's ETF ETHA stood out with a single-day net inflow of nearly 293 million USD, setting a new historical record for single-day net inflows, with a cumulative net inflow of 2.64 billion USD.
Fidelity's ETF FETH also performed well, with a single-day net inflow of 114 million USD and a cumulative net inflow of 1.07 billion USD. Grayscale's Ethereum Mini Trust ETF ETH had a single-day net inflow of 30.69 million USD, with a cumulative net inflow of nearly 460 million USD.
Currently, the total net asset value of Ethereum Spot ETFs is 12.51 billion USD, accounting for 2.71% of Ethereum's total market cap, with a historical cumulative net inflow of 1.33 billion USD.
🗣️ Conclusion:
The outstanding performance of ETF inflows from large financial institutions like BlackRock and Grayscale further demonstrates the deep involvement of institutional investors in the cryptocurrency market and the investment confidence of a broad range of investors.
As the total net asset value of Bitcoin Spot ETFs increases as a percentage of Bitcoin's total market cap, along with the continuous inflows into Ethereum Spot ETFs, we have reason to believe that the cryptocurrency market is entering a new stage of development.
💬 What are your thoughts on the continuous net inflows into Bitcoin and Ethereum Spot ETFs? Do you think this trend will continue?
