Bitcoin Spot ETF had a net inflow of $935 million yesterday, and Ethereum Spot ETF had a net inflow of $111 million
On May 23, according to SoSoValue data, the US Bitcoin Spot ETF saw a single-day net inflow of $935 million yesterday, marking a continuous net inflow of funds for 7 days.
Among them, BlackRock's iShares Bitcoin ETF IBIT topped the list with a single-day net inflow of nearly $877 million, with a cumulative net inflow amount reaching $47.55 billion;
Next is Fidelity's Bitcoin ETF FBTC, with a single-day net inflow of $48.66 million and a cumulative net inflow amount of $11.88 billion;
Ark & 21Shares Bitcoin Mini Trust ETF ARKB recorded a single-day net inflow of $8.9 million, with a cumulative net inflow amount of $2.8 billion.
As of now, the total net asset value of Bitcoin Spot ETFs is $134.3 billion, accounting for 6.09% of Bitcoin's market value, with a cumulative total net inflow of $44.31 billion.
On the same day, the Ethereum Spot ETF had a total net inflow of $111 million, recording a continuous net inflow of funds for 5 days.
Among them, Grayscale's Ethereum Trust ETF ETHE topped the list with a single-day net inflow of $43.75 million, with a cumulative net outflow of $4.29 billion;
Next is Fidelity's Ethereum ETF FETH, with a single-day net inflow of $42.25 million and a cumulative net inflow of $1.44 billion;
Meanwhile, Grayscale's Ethereum Mini Trust ETF ETH and Bitwise Ethereum ETF ETHW recorded single-day net inflows of $18.86 million and $5.69 million, respectively.
As of now, the total net asset value of Ethereum Spot ETFs is $9.33 billion, accounting for 2.93% of Ethereum's market value, with a cumulative total net inflow of $2.7 billion.
Conclusion:
In summary, as the funds continue to flow into Bitcoin and Ethereum Spot ETFs, it indicates that investors' confidence in the cryptocurrency market is increasing.
This flow of funds may have a positive impact on the price fluctuations and overall development trends of the cryptocurrency market.
