The capital flow into cryptocurrency ETFs is not slowing down. On April 24, it brought another wave of enthusiasm from investors when the U.S. spot $BTC ETFs locked in $442 million in net inflows, marking the fifth consecutive day of gains.
Once again, Blackrock's IBIT took the lion's share with $327.32 million flowing into the fund. Ark 21shares' ARKB followed with an impressive addition of $97.02 million. Bitwise's BITB and Invesco's BTCO completed the list, attracting $10.18 million and $7.48 million, respectively. Notably, no #ETF from $BTC recorded outflows.
The total trading value reached $2.03 billion, and total net assets increased to $106.97 billion, nearing the $110 billion mark.
$ETH ETFs also had a bright day, recording a net inflow of $63.49 million after Wednesday's drop. Blackrock's ETHA led the recovery with an inflow of $40.03 million. Grayscale's ETH contributed $18.28 million, while Bitwise's ETHW, 21shares' CETH, and Vaneck's ETHV added $5.06 million, $4.14 million, and $2.58 million, respectively.
The only outflow came from the Grayscale ETHE, which saw $6.6 million leave. The trading volume for ether ETFs reached $300.99 million, and net assets remained stable at $5.92 billion.
With both $BTC and $ETH ETFs seeing renewed interest, market sentiment seems to be firmly leaning towards accumulation 📈🚀🚀🚀
