Bitcoin Spot ETFs:
Recent data from SoSoValue shows that total net inflows for Bitcoin spot ETFs reached $192 million yesterday.
BlackRock's ETF IBIT led with a single-day net inflow of $317 million, bringing its cumulative net inflow to $23.53 billion.
Grayscale's Bitcoin mini trust ETF BTC recorded a single-day net inflow of $4.71 million, with a cumulative net inflow of nearly $424 million.
Conversely, Grayscale's Bitcoin trust ETF GBTC experienced no fund movement, resulting in a total net outflow of $20.1 billion.
The total net asset value of Bitcoin spot ETFs currently stands at $64.09 billion, representing 4.86% of Bitcoin's market capitalization, with a cumulative net inflow of $21.34 billion.
Ethereum Spot ETFs:
Total net inflows for Ethereum spot ETFs amounted to $1.27 million yesterday.
Fidelity's ETF FETH led with a single-day net inflow of $6.25 million, with historical total net inflows reaching $504 million.
21Shares' ETF CETH followed with a single-day net inflow of $1.62 million and a historical total net inflow of $19.15 million.
In contrast, Grayscale's Ethereum trust ETF ETHE saw a single-day net outflow of $7.61 million, leading to a cumulative net outflow of $3.05 billion.
Grayscale's Ethereum mini trust ETH had no fund movement, with a cumulative net inflow of $303 million.
The total net asset value of Ethereum spot ETFs is currently $6.93 billion, accounting for 2.29% of Ethereum's market capitalization, with a cumulative net outflow of nearly $488 million.
Market Sentiment:
The performance of Bitcoin and Ethereum ETFs is critical for understanding market sentiment and fund flows.
These inflow and outflow figures reflect investor confidence in these major cryptocurrencies and highlight the dynamics of market funds.
Discussion Point:
What are your thoughts on this data? Do you believe these inflow and outflow figures will influence upcoming market trends? Share your insights in the comments.
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