Bitcoin ETF Welcomes a Surge of Capital Inflow, Breaking the 100 Billion Mark!

The spot Bitcoin ETF has attracted capital for seven consecutive days, with investors injecting over $3.75 billion, setting the record for the longest capital inflow in several months. According to SoSoValue data, as of April 28, the total net assets of Bitcoin ETFs surpassed the $100 billion mark for the first time since exceeding the peak on March 6, with total managed assets reaching $109.3 billion, rebounding 26.4% from the low on April 8. This surge has brought the sector close to the historical high of January 21.

Meanwhile, the spot Ether ETF has also experienced a wave of capital inflow, with over $230 million injected within three days, including a single-day inflow of $64.1 million on April 28. BlackRock's IBIT and ETHA funds dominate the inflow.

Market interest in Hong Kong's spot Bitcoin ETF has waned, and capital outflow has become the norm. Meanwhile, Grayscale's proposed cryptocurrency ETP staking scheme has introduced a new topic for the industry. If the staking ban continues, it is expected that U.S. ETP providers will miss out on $5.5 billion in ETH staking rewards over the next decade.