Bitcoin exchange-traded funds (ETFs) extended their inflow streak to 12 days, raking in $548 million with strong backing from Blackrock and Fidelity. Ether ETFs stayed in the green as well, collecting $60.41 million on the day.
Institutional Momentum Builds as Bitcoin and Ether ETFs Log $608 Million Combined Gains
Bitcoin ETFs are showing no signs of slowing down. With a 12th consecutive day of net inflows, investor confidence continues to pour in, as $548 million poured into 5 ETFs.
Blackrock’s IBIT led the charge once again, locking in $340.28 million in fresh capital. Fidelity’s FBTC followed with a hefty $115.19 million, while Ark 21Shares’ ARKB attracted $70.20 million.
Rounding out the inflows were Bitwise’s BITB ($12.90 million) and Vaneck’s HODL ($9.14 million). Total value traded reached $3.17 billion, pushing total net assets for bitcoin ETFs to $133.56 billion, a fresh milestone.
Ether ETFs also maintained their upward momentum with a $60.41 million net inflow. Blackrock’s ETHA once again took the spotlight, bringing in $55.18 million, while Bitwise’s ETHW added $5.23 million.
Though the volume was more subdued compared to bitcoin ETFs, ether funds still clocked in $345.95 million in daily trades, and net assets nudged up to $9.91 billion.
With continued strength from the largest asset managers, both bitcoin and ether ETFs are riding a wave of institutional demand that shows little sign of tapering.
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