Bitcoin and Ethereum Spot ETFs See Strong Inflows: Total Net Flow Approaches $3.3 Billion

Source: CryptoNewsNet Original Title: As the crypto market shows signs of recovery, massive inflows were observed into Bitcoin and Ethereum ETFs! Here are the details. Original Link: https://cryptonews.net/news/finance/32112548/ As institutional interest in crypto markets continues to grow, Bitcoin and Ethereum spot ETFs have seen remarkable net inflows. According to SoSoValue data, Bitcoin spot ETFs experienced a total daily net inflow of $152 million.

Strong Inflow into Bitcoin and Ethereum Spot ETFs

The strongest inflow of the day was recorded by Fidelity’s Bitcoin ETF, FBTC. FBTC saw a net inflow of $199 million in a single day, bringing its historical total net inflow to $12.25 billion. Grayscale Bitcoin Mini Trust (BTC) came in second, recording a daily inflow of $33.78 million and reaching a historical total of $1.993 billion.

On the other hand, the highest daily net outflow was seen in BlackRock’s IBIT product. Despite a net outflow of $135 million from IBIT in a single day, the ETF’s historical total net inflow is still at a dominant level in the sector, at $62.41 billion.

According to the data, the total net asset value of all Bitcoin spot ETFs is $122.104 billion, and the ratio of ETFs to Bitcoin market capitalization is measured at 6.57%. Historical total net inflows have reached $57.709 billion.

On the Ethereum side, a total net inflow of $178 million was recorded on the same day. The largest inflow was recorded in Fidelity’s FETH product; the ETF collected $51.47 million in a single day, bringing its historical net inflow to $2.674 billion. Grayscale Ethereum Mini Trust (ETH) received $45.18 million in inflows, reaching a total of $1.513 billion.

Ethereum spot ETFs have a total net asset value of $21.036 billion, with historical total net inflows reaching $13.092 billion.