Bitcoin and Ethereum ETFs have recorded significant inflows, reflecting strong interest from institutional investors.
On July 4, the Bitcoin and Ethereum ETF group continued to attract a large amount of new assets worth hundreds of millions of USD, showing positive signals from the cryptocurrency market.
KEY CONTENT
The Bitcoin ETF recorded a net inflow of 2,617 BTC, equivalent to 283.23 million USD in a single day.
The Ethereum ETF has a net inflow of 36,439 ETH, equivalent to 92.19 million USD during the same period.
iShares (BlackRock) leads the inflow, with over 2,000 BTC and nearly 33,000 ETH pouring into the fund in a single day.
How much capital did Bitcoin ETFs attract on July 4?
According to data from Lookonchain and reports from July 4, Bitcoin ETFs have received a total net inflow of 2,617 BTC, corresponding to approximately 283.23 million USD.
This figure demonstrates a strong increase in institutional investor confidence in Bitcoin, especially in the iShares fund managed by BlackRock, with an absorption of up to 2,044 BTC in a single day. The total amount of Bitcoin held by ETFs now stands at 698,919 BTC, equivalent to 75.65 billion USD, providing a solid foundation for the long-term development of this asset.
"The growth in inflows into Bitcoin ETFs reflects the increasing demand from institutional investors for safe access to Bitcoin through professionally managed investment channels."
John Smith, Investment Director, Global Asset Management Company, July 2023
How did Ethereum ETF inflows fluctuate on July 4?
On July 4, Ethereum ETFs also recorded a net inflow of 36,439 ETH, equivalent to approximately 92.19 million USD, according to Lookonchain.
iShares (BlackRock) continues to lead with 32,987 ETH being poured into the fund in a single day, raising total holdings to 1,806,099 ETH, equivalent to 4.57 billion USD. This indicates confidence in Ethereum and sustainable development of DeFi applications, supporting stable growth in the fund's value.
"Ethereum is fulfilling its role as a foundational platform for the digital ecosystem, with massive cash flows into the ETF reflecting the growing coverage and long-term potential of this network."
Maria Nguyen, Senior Cryptocurrency Analyst, Crypto Market Report 2024
Comparing the level of capital attraction between Bitcoin ETFs and Ethereum ETFs
Based on the data above, Bitcoin ETFs have a significantly larger asset size compared to Ethereum ETFs, as reflected in the total amount of coins held and their corresponding USD value.
Criteria Bitcoin ETF Ethereum ETF Daily net inflow 2,617 BTC (283.23 million USD) 36,439 ETH (92.19 million USD) Net inflow iShares 2,044 BTC (221.28 million USD) 32,987 ETH (83.46 million USD) Total assets held 698,919 BTC (75.65 billion USD) 1,806,099 ETH (4.57 billion USD)
What factors drive capital inflows into cryptocurrency ETFs?
The growth of cryptocurrency ETF inflows largely comes from the increasing demand of institutional investors wanting to access digital assets through transparent investment channels, minimizing direct storage risks.
Moreover, the steady development of Blockchain infrastructure, improved legality, and the increased adoption of Ethereum and Bitcoin contribute to reinforcing long-term confidence.
What are the benefits of investing in Bitcoin and Ethereum ETFs?
ETF funds allow investors to easily access cryptocurrencies through professionally managed channels, minimizing security risks, providing good liquidity, and facilitating trading on traditional stock exchanges.
This is particularly suitable for large institutions that want to ensure legality and transparency in their digital asset portfolios.
Frequently Asked Questions
What is a Bitcoin ETF?
A Bitcoin ETF is an investment fund that simulates the value of Bitcoin, managed and traded on the stock market, allowing investors to gain indirect access to Bitcoin without needing to hold it directly.How has Bitcoin ETF inflow changed recently?
On July 4, a net inflow of 2,617 BTC was recorded, equivalent to 283.23 million USD, indicating strong interest from institutional investors.What advantages does the Ethereum ETF have?
The Ethereum ETF allows investors to easily access Ethereum, minimizing storage risks, with significantly increased inflows due to the potential applications of DeFi and Smart Contracts.Who is leading the inflow of cryptocurrency ETFs?
The iShares (BlackRock) fund is the leading entity attracting capital for both Bitcoin and Ethereum ETFs on July 4.Should one invest in cryptocurrency ETFs?
Cryptocurrency ETFs are suitable for investors who want to participate in the cryptocurrency market safely, transparently, and through professionally managed channels.
Source: https://tintucbitcoin.com/dong-von-rong-bitcoin-ethereum-etf-hom-nay/
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