Net inflow of funds into Bitcoin and Ethereum spot ETFs, with BlackRock leading the daily net inflow
According to SoSoValue data, the total net inflow of Bitcoin spot ETFs yesterday was $591 million, marking a continuous 7 days of net inflow.
Among them, BlackRock's Bitcoin spot ETF IBIT was the only ETF with a net inflow of funds on that day, with a daily net inflow of $971 million, currently accumulating a total net inflow of $42.17 billion.
It is worth noting that Ark & 21 Shares Bitcoin ETF ARKB recorded a net outflow of $226 million yesterday, ranking first in daily net outflows. Following that is Fidelity's Bitcoin ETF FBTC, which recorded a daily net outflow of $86.87 million.
Meanwhile, Grayscale's Bitcoin ETF GBTC, Bitwise's Bitcoin ETF BITB, and VanEck's Bitcoin ETF HODL recorded net outflows of $42.66 million, $21.13 million, and $2.68 million, respectively, for the day.
As of now, the total net asset value of Bitcoin spot ETFs is $10.93 billion, accounting for 5.83% of Bitcoin's total market capitalization, with a cumulative net inflow reaching $39.02 billion.
On the same day, the total net inflow of Ethereum spot ETFs was $6.412 million, marking a continuous 3 days of net inflow.
Among them, BlackRock's Ethereum ETF ETHA had a daily net inflow of $6.747 million, currently accumulating a total net inflow of $4.18 billion.
On the other hand, Bitwise ETF ETHW recorded a net outflow of $335 thousand for the day, currently accumulating a total net inflow of $318 million.
As of now, the total net asset value of Ethereum spot ETFs is $6.2 billion, accounting for 2.87% of Ethereum's total market capitalization, with a cumulative total net inflow reaching $2.47 billion.
Overall, the market's enthusiasm for investing in Bitcoin and Ethereum ETFs remains high, especially with BlackRock's products standing out among numerous ETFs, becoming the focus of a new wave of investment.
What do you think about this net inflow of funds? Does it mean that more investors have participated in crypto derivatives?
