Bitcoin spot ETF has seen a net inflow for 3 consecutive days, while Ethereum ETF failed to continue the net inflow of the previous 2 days.
On May 6, according to SoSoValue data, the Bitcoin spot ETF recorded a total net inflow of $425 million yesterday, achieving a net inflow for the third consecutive day.
Among them, BlackRock's Bitcoin spot ETF IBIT is the only ETF with net inflow, with a single-day net inflow of $531 million, accumulating a net inflow of $44.21 billion;
In contrast, Fidelity's Bitcoin spot ETF FBTC, Bitwise Bitcoin spot ETF BITB, and Grayscale Bitcoin Trust ETF GBTC recorded net outflows of $57.82 million, $22.66 million, and $16.37 million, respectively.
As of now, the total net asset value of Bitcoin spot ETFs is $110.68 billion, accounting for 5.91% of Bitcoin's market value, with a cumulative total net inflow reaching $40.66 billion.
On the same day, following 2 consecutive days of net inflow, 9 Ethereum spot ETFs experienced no capital flow yesterday. As of now, the total net asset value of Ethereum spot ETFs is $6.31 billion, accounting for 2.89% of Ethereum's total market value, with a cumulative total net inflow of $2.51 billion.
This change may reflect different expectations from investors regarding Bitcoin and Ethereum, or it could be a manifestation of short-term market volatility. However, looking at the outflow from exchanges, whether for Bitcoin or Ethereum, it seems that whale investors are preparing for a larger upward potential. Investors need to closely monitor subsequent developments to make more informed decisions.
