💰Bitcoin ETF has seen a net inflow of funds for 4 consecutive days, while Ethereum ETF has been experiencing net outflows of funds for 11 consecutive days.
On March 20, according to SoSoValue data, Bitcoin spot ETF had a total net inflow of $11.8 million yesterday, marking a continuous inflow of funds for 4 days.
Among them, the Bitcoin spot ETF with the highest single-day net inflow is Bitwise's BITB, which saw a net inflow of $12.09 million, while BITB's cumulative net outflow stands at $2.04 billion.
Grayscale's Bitcoin Trust ETF GBTC and its mini trust ETF BTC achieved net inflows of $5.41 million and $4.54 million, respectively, in a single day.
It is noteworthy that Invesco's Bitcoin ETF BTCO experienced a single-day net outflow of $10.24 million yesterday, resulting in a cumulative net inflow of $105 million. Other Bitcoin ETFs did not show any net movement of funds.
As of now, the total net asset value of Bitcoin spot ETFs is $95.75 billion, accounting for 5.65% of Bitcoin's total market capitalization, with a historical cumulative total net inflow reaching $35.8 billion.
On the same day, the Ethereum spot ETF had a total net outflow of $11.75 million, marking the 11th consecutive working day of net outflows.
Among them, BlackRock's Ethereum spot ETF ETHA had the highest net outflow, with a single-day net outflow of $12.94 million, while its cumulative net inflow remains as high as $4.09 billion; followed by Grayscale's Ethereum mini trust ETF ETH, which had a net outflow of $7.65 million in a single day, with cumulative net inflow close to $584 million. Fidelity's Ethereum ETF FETH had a net outflow of $2.03 million, with a cumulative net inflow of $1.41 billion.
At the same time, Grayscale's Ethereum Trust ETF ETHE and 21shares' Ethereum ETF CETH had net inflows of $10.16 million and $710,000, respectively, in a single day.
As of now, the total net asset value of Ethereum spot ETFs is $7.01 billion, accounting for 2.86% of Ethereum's total market capitalization, with a historical cumulative total net inflow reaching $2.45 billion.
In summary, this differentiation in fund flows not only reflects the market's differing expectations for the short-term prospects of Bitcoin and Ethereum but also reveals the complexity and diversity within the cryptocurrency market.
What do you think about the fund flow trends for Bitcoin and Ethereum ETFs? Do you believe this trend of differentiation will continue? Feel free to leave your comments and discuss in the comment section!
