Shocking! $BTC and $ETH have seen continuous inflows into their spot ETFs for several days. What are the institutions planning?
Recently, there have been undercurrents in the cryptocurrency market! For several consecutive days, BTC and ETH spot ETFs have seen sustained inflows, and institutions are quietly positioning themselves, showing no signs of retreating.
According to professional data, on April 28, 10 Bitcoin ETFs had a net inflow of 4,201 BTC (approximately $397 million), among which iShares had a net inflow of 2,523 BTC in a single day, bringing the total holdings to 588,687 BTC; 9 Ethereum ETFs had a net inflow of 59,538 ETH (approximately $107 million) during the same period, with iShares having a net inflow of 30,272 ETH, and current holdings reaching 1,215,231 ETH. Such a large-scale inflow of funds is clearly beyond what retail investors can achieve, indicating institutional investors are taking action.
The large-scale purchases by institutions are partly because Bitcoin and Ethereum, as leading representatives of cryptocurrencies, hold an irreplaceable position. Bitcoin has a fixed total supply and is viewed by many as "digital gold," serving as a hedge against inflation and a choice for asset safety; Ethereum has built a huge ecosystem, with applications like smart contracts and DeFi giving it limitless potential. On the other hand, spot ETFs provide institutions with a convenient and compliant investment channel, lowering the entry threshold and risk.
Now the market is speculating what actions institutions will take after building large positions. Will they hold long-term and wait for the value of cryptocurrencies to rise, or is there a bigger strategy? Moreover, with institutions holding their positions steady, how will they respond once the market fluctuates? This series of questions makes the future trends of BTC and ETH even more enigmatic.
