Bitcoin and Ethereum Spot ETF Data Still Seeing Large Net Inflows
The data for Bitcoin spot ETFs is quite an important indicator that helps us see how off-exchange funds are flowing. Since November, although there have been 7 instances of outflows, those amounts have not been significant. If you look at the net inflow situation, you will find that the days of net inflows are far more numerous than those of outflows. Especially since November 27, Bitcoin spot ETFs have seen inflows for 9 consecutive days, and the funds keep coming in. So far, the total net inflow for Bitcoin spot ETFs has reached 34.45 billion USD.
The situation for Ethereum spot ETFs is also interesting; it was initially not receiving much attention, and the data remained sluggish, but now the situation has changed, with large amounts of funds starting to flow in. Since November 22, Ethereum spot ETFs have seen inflows for 12 consecutive days, with even 3 days of single-day inflows exceeding 300 million USD. So far, the total net inflow for Ethereum spot ETFs has reached 1.89 billion USD, with single-day total trading volume exceeding 470 million USD.
The inflow of these off-exchange funds has indeed played a significant role in driving up the price of Ethereum
