Spot Bitcoin ETFs See Net Inflows of $32. 1 Million, Ethereum ETFs Experience Outflows! Here Are the Details
Spot cryptocurrency exchange-traded funds (ETFs) traded in the US showed a different picture in terms of investor activity. According to SoSoValue data, spot Bitcoin ETFs recorded a total net inflow of $32. 11. . .
Spot cryptocurrency exchange-traded funds (ETFs) traded in the US showed a different picture in terms of investor activity. According to SoSoValue data, spot Bitcoin ETFs recorded a total net inflow of $32. 11 million, while spot Ethereum ETFs experienced a net outflow of $18. 65 million. The data revealed that institutional investor interest continued in Bitcoin, while short-term profit-taking continued in Ethereum funds. BlackRock’s iShares Bitcoin Trust (IBIT) fund recorded the highest net inflow of the day. IBIT saw a net capital inflow of $89. 83 million in a single day, bringing its cumulative net inflow to date to $60. 42 billion. Conversely, the largest outflow was seen in the Fidelity Wise Origin Bitcoin Fund (FBTC). FBTC experienced a net outflow of $43. 08 million, while its historical total net inflow stands at $9. 96 billion. According to SoSoValue data, at the time of writing, the total net asset value of spot Bitcoin ETFs was calculated at $77. 46 billion. The ratio of assets managed by ETFs to Bitcoin’s total market capitalization reached 6. 08%, while the total cumulative net inflow into spot Bitcoin ETFs to date amounted to $51. 36 billion. The picture was weaker on the Ethereum side. Despite a total net outflow of $18. 65 million from spot Ethereum ETFs, some funds performed positively. Morgan Stanley Ethereum Trust (MSSE) recorded the highest net inflow of the day, receiving $14. 30 million, bringing its total net inflow since its inception to $19. 45 million. In second place was BlackRock’s iShares Ethereum Trust (ETHA) fund. ETHA recorded a net inflow of $5. 16 million during the day, bringing its historical total net inflow to $11. 43 billion. On the other hand, the biggest outflow of the day was experienced by Fidelity Ethereum Fund (FETH). FETH saw a net outflow of $16. 07 million, while its total net inflow to date was announced as $2. 11 billion. This is not investment advice. Follow ourTelegramandTwitteraccount now for exclusive news, analytics and on-chain data!