🔄Overview of Net Inflows/Outflows for Bitcoin and Ethereum Spot ETFs Last Week💰
According to SoSoValue data, last week the Bitcoin spot ETF saw a net inflow of $2.22 billion, achieving a successful four-week streak of net asset inflows.
Among them, Blackrock's Bitcoin ETF IBIT performed particularly well, with a single-week net inflow of $2.15 billion, bringing its historical total net inflow to $26.14 billion. Following closely is Fidelity's Bitcoin ETF FBTC, which had a single-week net inflow of $89.66 million, with a historical total net inflow of $10.47 billion. However, Grayscale's Bitcoin Trust ETF GBTC experienced a net outflow during the same period, amounting to $53.96 million, with its historical cumulative net outflow reaching $20.16 billion.
Currently, the total net asset value of Bitcoin spot ETFs is $69.64 billion, accounting for 5.08% of Bitcoin's total market capitalization, with a cumulative historical net inflow of $24.15 billion.
On the Ethereum side, last week the Ethereum spot ETF had a net inflow of $13 million. Among them, Blackrock's Ethereum ETF ETHA led with a single-week net inflow of $65.54 million, bringing its historical total net inflow to $1.34 billion. Fidelity's Ethereum ETF FETH also performed well, with a single-week net inflow of $10.34 million, and a historical total net inflow exceeding $514 million. Meanwhile, Grayscale's Ethereum Trust ETF ETHE experienced a net outflow of $62.42 million, with its historical cumulative net outflow reaching $3.13 billion.
Currently, the total net asset value of Ethereum spot ETFs is $6.94 billion, accounting for 2.29% of Ethereum's total market capitalization, with a historical cumulative net outflow of $491 million.
🗣 Conclusion:
Despite market volatility, cryptocurrency ETFs continue to be favored by institutional and individual investors, reflecting trust in such products and driving the development of the cryptocurrency market.
In summary, the net asset value of Bitcoin spot ETFs is growing, and its proportion of Bitcoin's market capitalization is also on the rise, which may indicate that the cryptocurrency market is gradually mainstreaming.
💬 Finally, in light of the inflow/outflow data for Bitcoin and Ethereum spot ETFs, what unique insights do you have? Which type of cryptocurrency ETF do you favor more? What do you think these trends imply for the future of the cryptocurrency market?
