As the crypto market shows signs of recovery, massive inflows were observed into Bitcoin and Ethereum ETFs! Here are the details.

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: Total Net Flow Approaches $3.3 Billion

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.

*This is not investment advice.

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Source: https://en.bitcoinsistemi.com/as-the-crypto-market-shows-signs-of-recovery-massive-inflows-were-observed-into-bitcoin-and-ethereum-etfs-here-are-the-details/