📈 Bitcoin spot ETF has seen net inflows for 2 consecutive days, and Ethereum spot ETF has seen net inflows for 5 consecutive days
According to SoSoValue data, the Bitcoin spot ETF market saw inflows for 2 consecutive days on February 5.
Bitcoin spot ETFs achieved a net inflow of $66.38 million yesterday; among them, BlackRock's ETF IBIT ranked first with a net inflow of $44.35 million, followed by WisdomTree's ETF BTCW, with a net inflow of $11.38 million in a single day. Fidelity's ETF FBTC had a net inflow of $10.65 million in a single day. Grayscale's GBTC and its BTC Mini Trust ETF did not see a net outflow on the same day.
So far, the total net asset value of Bitcoin spot ETFs has reached $114.71 billion, accounting for 5.95% of the Bitcoin market value ratio, and the cumulative total net inflow has reached $40.67 billion.
At the same time, Ethereum spot ETFs also showed continued appeal, achieving net inflows for the fifth consecutive day, with a total net inflow of $18.11 million per day. Among them, Fidelity's ETF FETH had the largest net inflow yesterday, at $20.06 million, while Grayscale's ETHE and its ETH Mini Trust ETF ETH achieved a net outflow of $7.16 million and a net inflow of $5.21 million per day, respectively.
As of now, the total net asset value of Ethereum spot ETFs has risen to $10.49 billion, accounting for 3.15% of Ethereum's market value ratio, with a total net inflow of $3.17 billion.
In summary, the influx of a large amount of funds in the cryptocurrency derivatives market reveals that the market's attractiveness is gradually increasing. The value-preserving properties of Bitcoin and Ethereum's rich smart contract ecosystem provide investors with clear reasons for investment.
At the same time, the difference in capital flows also shows that investors have become more cautious. Therefore, we should make choices based on the actual performance of the product and the credibility of the institution behind it, rather than blindly following the trend.
💬What impact do you think the inflow trend of cryptocurrency ETFs will have on traditional financial products? Leave a message in the comment section to discuss!
