💸 Bitcoin spot ETF has seen a net inflow for 7 consecutive days, while Ethereum spot ETF has seen a net inflow for 10 consecutive days.
According to the latest data from SoSoValue, the Bitcoin spot ETF had a net inflow of nearly $377 million yesterday, achieving a net inflow for the 7th consecutive day, with a weekly net inflow of $2.73 billion, ranking second in historical weekly net inflows.
Among them, BlackRock's ETF IBIT led with a single-day net inflow of $257 million, while Fidelity's ETF FBTC also performed well with a net inflow of $120 million. Ark 21 Sharers ETF ARKB achieved a net inflow of $24.9 million.
In addition, although Grayscale's Bitcoin mini-trust ETF BTC saw a net inflow of $6.75 million, Grayscale's Bitcoin ETF GBTC experienced a single-day net outflow of $32.26 million.
Currently, the total net asset value of Bitcoin spot ETFs has reached $112.74 billion, accounting for 5.62% of the total Bitcoin market capitalization, with a historical cumulative total net inflow of $33.43 billion.
On the other hand, the Ethereum spot ETF also performed excellently, with a net inflow of $83.76 million on December 6, achieving a net inflow for the 10th consecutive day, ranking first in historical weekly net inflows.
Among them, Fidelity's ETF FETH led with a single-day net inflow of $47.88 million, while BlackRock's ETF ETHA had a net inflow of $34.56 million. Grayscale's Ethereum mini-trust ETF ETH saw a net inflow of $22.90 million, but its ETHE experienced a single-day net outflow of $29.59 million. Bitwise's ETF ETHW also achieved a net inflow of $13.45 million.
Currently, the total net asset value of Ethereum spot ETFs is $13.36 billion, accounting for 2.74% of the total Ethereum market capitalization, with a historical cumulative total net inflow reaching $1.41 billion.
🗣️ Conclusion:
This trend may indicate an increasing acceptance of cryptocurrency as an asset class in the market, while also reflecting investor interest in a more convenient investment method through ETFs. As inflows increase, the role of ETFs in the cryptocurrency market may become more significant, bringing more liquidity and stability to the market.
💬 What do you think about the continuous inflows into Bitcoin and Ethereum ETFs? What impacts do you believe this trend will have on the cryptocurrency market?
