Institutional Appetite Rises: Bitcoin & Ethereum ETFs See Massive Inflows!
Big news for the crypto market as Bitcoin and Ethereum spot ETFs continue to attract significant capital!
Bitcoin Spot ETF:
Yesterday saw a net inflow of $404 million, marking the third consecutive day of positive flows.
IBIT (BlackRock) led the way with a massive $360 million inflow.
FBTC (Fidelity) followed with $30.49 million.
BTCM (Grayscale) saw $13.41 million in net inflows.
Total net asset value of Bitcoin spot ETFs now stands at $150.7 billion, representing 6.48% of Bitcoin's total market cap, with a cumulative net inflow of $54.43 billion.
Ethereum Spot ETF:
Yesterday recorded an even larger net inflow of $461 million, making it the fourth consecutive day of positive flows.
ETHA (BlackRock) topped the list with nearly $255 million.
FETH (Fidelity) followed with a strong $132 million.
Grayscale's ETH and ETHE saw inflows of $38.25 million and $26.84 million, respectively.
Total net asset value of Ethereum spot ETFs is now $23.38 billion, accounting for 4.77% of Ethereum's total market cap, with a cumulative net inflow of $9.82 billion.
These substantial inflows indicate growing institutional interest and confidence in both Bitcoin and Ethereum! Bullish signs for the market!
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