现货ETF

The U.S. Bitcoin spot ETF continues to see strong inflows, while the Ethereum spot ETF has seen net outflows for 9 consecutive days.

On March 18, according to SoSoValue data, the total net inflow into U.S. Bitcoin spot ETFs yesterday was nearly $275 million, marking the second day of net inflows following last Friday.

Among them, Fidelity's Bitcoin spot ETF FBTC had the highest single-day net inflow of $127 million, with a cumulative net inflow reaching $11.37 billion. Following closely were Ark Invest and 21Shares' ETF ARKB, which had a single-day net inflow of $88.53 million and a cumulative net inflow of $2.68 billion. Meanwhile, BlackRock's Bitcoin ETF IBIT saw a single-day net inflow of $42.26 million, with a cumulative net inflow of $39.28 billion.

As of now, the total net asset value of Bitcoin spot ETFs is $94.48 billion, accounting for 5.67% of Bitcoin's total market value, with a historical cumulative net inflow of $35.58 billion.

In contrast, the Ethereum spot ETF market is showing an opposite trend. The total net outflow from Ethereum spot ETFs yesterday was $7.29 million, marking 9 consecutive days of net outflows.

Among them, Grayscale's Ethereum Trust ETF ETHE had a single-day net outflow of $7.29 million, with a cumulative net outflow reaching $4.18 billion.

As of now, the total net asset value of Ethereum spot ETFs is $6.77 billion, accounting for 2.9% of Ethereum's total market value, with a cumulative total net inflow of $2.51 billion.

Conclusion:

The recent strong inflow of funds into U.S. Bitcoin spot ETFs, especially the impressive performance of ETFs from institutions like Fidelity, Ark Invest, and BlackRock, indicates that market confidence in Bitcoin is recovering.

However, the continuous outflow of funds from Ethereum spot ETFs for 9 days suggests that market confidence in Ethereum is relatively lacking in the short term.

The above data indicates that while the two-day net inflow into Bitcoin is indeed a positive signal, the cryptocurrency market is highly volatile, and whether this trend can continue in the future remains to be observed.

What do you think about the fund flow of Bitcoin and Ethereum ETFs? Do you believe that this warming trend in Bitcoin can be sustained? Leave your thoughts in the comments!

#比特币 #以太坊 #现货ETF #市场趋势

🛑Japan's Financial Services Agency Proposes Regulatory Reform to Classify Cryptocurrencies as Securities, Potentially Paving the Way for the Spot ETF Market

Recently, the Financial Services Agency (FSA) of Japan announced that it is considering classifying crypto assets as financial products equivalent to securities. This move is inspired by the UK Financial Conduct Authority's classification of crypto assets as securities, which may provide a reference for Japan's new ETF policy.

It is reported that the FSA has formed an expert group to secretly discuss and evaluate the appropriateness of the current regulatory framework for crypto assets. According to the Nikkei News, the FSA plans to determine the direction of regulatory reform based on the group's research results by the end of June and intends to seek opinions at the Financial System Council meeting in the fall. Once discussions mature, the FSA will submit relevant legal amendments to the National Diet in 2026.

If this reform is implemented, it will mean that crypto assets will have the same legal status as securities, thereby paving the way for the approval of spot ETFs for crypto assets. Although the specifics of the new framework are still under discussion, it is foreseeable that this will have a profound impact on the cryptocurrency market.

Meanwhile, the debate over the classification of crypto assets continues in Japan. In August last year, FSA Commissioner Hidetaka Ito stated that approving cryptocurrency ETFs needs to be approached with caution. Prime Minister Shigeru Ishiba also held a reserved attitude toward public investment in cryptocurrencies. However, the domestic cryptocurrency industry has been pushing for regulatory transparency, hoping to establish a cryptocurrency ETF market in Japan.

Although cryptocurrency regulation is expected to welcome a new chapter, the Japanese government remains cautious about including Bitcoin in national reserves. Prime Minister Shigeru Ishiba recently pointed out that due to the lack of sufficient international strategic information, Japan finds it difficult to clarify its position.

Against the backdrop of growing global interest in Bitcoin reserves, the Japanese government continues to adhere to a stability-focused foreign exchange reserve strategy, while its government pension investment fund has begun exploring Bitcoin reserves to achieve portfolio diversification.

💬 Are you optimistic about Japan's development strategy after the securitization of crypto assets? From a regulatory perspective, how should we balance innovation and risk? Leave your comments and discuss in the comment section!

#日本金融政策 #加密监管改革 #加密货币证券化 #现货ETF