💰The U.S. Bitcoin Spot ETF has seen a net outflow of funds for 3 consecutive days, while the Ethereum Spot ETF has welcomed its first day of net inflow after two days of net outflow.
According to the latest data from SoSoValue, the Bitcoin Spot ETF experienced a total net outflow of nearly $227 million yesterday, marking three consecutive days of net outflows.
In terms of outflows, Fidelity's Bitcoin Spot ETF FBTC, Grayscale's Bitcoin Trust ETF GBTC, Invesco's Bitcoin ETF BTCO, Bitwise's Bitcoin ETF BITB, and Ark 21Shares' ETF ARKB are the top five, with single-day net outflows of approximately $146 million, $38.39 million, $25.56 million, $23.75 million, and $15.75 million, respectively.
It is noteworthy that BlackRock's Bitcoin Spot ETF IBIT had a net inflow of $31.66 million yesterday, bringing its cumulative net inflow to $37.36 billion.
Currently, the total net asset value of Bitcoin Spot ETFs has reached $105 billion, accounting for 5.70% of Bitcoin's total market capitalization, with a cumulative total net inflow of $35.83 billion.
On the same day, the Ethereum Spot ETF, after two consecutive days of net outflow, saw a total net outflow of nearly $13.1 million yesterday, welcoming its first single-day net inflow.
In terms of inflows, BlackRock's Ethereum Spot ETF ETHA, Fidelity's Ethereum Spot ETF FETH, and Bitwise's Ethereum ETF ETHW achieved net inflows of $89.51 million, $46.37 million, and $0.9637 million, respectively, in a single day.
Meanwhile, Grayscale's Ethereum Trust ETF ETHE had a net outflow of $6.09 million, achieving a cumulative net inflow of $599 million.
Currently, the total net asset value of Ethereum Spot ETFs stands at $12.05 billion, accounting for 2.94% of Ethereum's total market capitalization, with a historical cumulative total net inflow of $2.46 billion.
In summary, the U.S. Bitcoin Spot ETF has experienced net outflows for three consecutive days, while the Ethereum Spot ETF welcomed its first day of net inflow after two days of net outflow. This change in fund flow not only reflects fluctuations in market sentiment but may also imply differing expectations from investors regarding the future trends of the cryptocurrency market.
💬What are your views on the fund flow trends of the U.S. Bitcoin and Ethereum Spot ETFs? Should investors adjust their cryptocurrency investment strategies?
