Bitcoin ETFs continue their winning streak for nine consecutive days, gathering $385 million, even though some large funds showed outflows. Ethereum ETFs also continue their inflow streak for six consecutive days, adding $38.77 million.
Bitcoin ETFs ignore the holiday lull with an inflow of $385 million, Ethereum funds continue their streak.
Even Memorial Day could not undermine optimism regarding crypto ETFs, as Bitcoin ETFs marked their ninth consecutive day of inflows, gathering $384.85 million.
Despite a significant outflow from giants like ARKB from Ark 21Shares and GBTC from Grayscale, IBIT from Blackrock is back in the spotlight, attracting $409.26 million, reaffirming its dominant position as the ETF for institutional flows.
Supported the growth of Grayscale’s Bitcoin Mini Trust with $36.03 million, Vaneck’s HODL with $7.77 million, and Bitwise’s BITB with $1.79 million. Even with $38.34 million from ARKB, $26.87 million from GBTC, and $4.79 million from Fidelity in outflows, the bulls triumphed. The total trading volume reached $3.90 billion, and total net assets grew to $132.89 billion.
Meanwhile, Ethereum ETFs continue their hot streak, marking the sixth consecutive day of inflows with an increase of $38.77 million. Blackrock’s ETHA contributed the most with $32.48 million, followed by Fidelity’s FETH with $3.35 million and Vaneck’s ETHV with $2.95 million. With a daily volume exceeding $613 million, the net assets of Ethereum ETFs amounted to $9.59 billion.
The takeaway? Markets are embracing crypto ETFs with confidence, regardless of the holidays)