💰 Bitcoin spot ETF has seen a net inflow for 8 consecutive days, while Ethereum spot ETF has experienced a net inflow of funds for 11 days
According to SoSoValue data, the U.S. Bitcoin spot ETF achieved a total net inflow of $479 million in a single day on Monday, marking the 8th consecutive day of net inflow.
Among them, BlackRock's ETF IBIT led with a single-day net inflow of $394 million, bringing the total net inflow to $34.76 billion. Fidelity's ETF FBTC followed closely with a single-day net inflow of $175 million, with a historical total net inflow of $11.89 billion.
Grayscale's Bitcoin Mini Trust ETF BTC had a single-day net inflow of $7.25 million, with a historical total net inflow of $894 million. However, Grayscale ETF GBTC experienced a single-day net outflow of $24.44 million, accumulating a historical net outflow of $20.85 billion.
As of now, the total net asset value of Bitcoin spot ETFs is $107.67 billion, accounting for 5.65% of Bitcoin's market cap, with a total historical net inflow of $33.91 billion.
On the other hand, the Ethereum spot ETF also realized a total net inflow of nearly $150 million on Monday, marking the 11th consecutive day of net inflow.
Among them, BlackRock's ETF ETHA led with a single-day net inflow of $155 million, with a historical total net inflow of $2.83 billion. Fidelity's ETF FETH followed closely with a single-day net inflow of $30.11 million, with a historical total net inflow of $1.15 billion.
Grayscale's Ethereum Mini Trust ETF ETH had a single-day net inflow of $8.83 million, with a historical total net inflow of $491 million. Conversely, Grayscale's Ethereum Trust ETF ETHE experienced a single-day net outflow of $27.39 million, accumulating a net outflow of $3.5 billion.
Currently, the total net asset value of Ethereum spot ETFs is $12.51 billion, accounting for 2.77% of Bitcoin's market cap, with a historical cumulative total net inflow of $1.56 billion.
In summary, despite an overall downward trend in the cryptocurrency market over the weekend, the cryptocurrency ETF market still maintained continuous net inflow of funds on Monday, which indirectly reflects investors' optimistic outlook on the future potential of the cryptocurrency market, as well as expectations for a rebound after market adjustments.
💬 Do you think this trend will continue? Does investor confidence in cryptocurrency ETFs indicate that the market bottom has been reached?
