Spot bitcoin and ethereum exchange-traded funds (ETFs) in the U.S. have seen significant inflows, with investors pouring billions into these crypto funds. On Tuesday alone, bitcoin ETFs recorded $817.5 million in net inflows, following a strong $1.1 billion the previous day. The daily trading volume for bitcoin ETFs reached $5.7 billion, suggesting increased interest in cryptocurrency funds. BlackRock's IBIT and Fidelity's FBTC ETFs led the market in inflows. Grayscale's Mini Bitcoin Trust and VanEck's HODL also saw substantial inflows. Grayscale's GBTC and Ark and 21Shares' ARKB experienced outflows. Ethereum spot ETFs also saw increased investor interest, with net inflows reaching $135.9 million. BlackRock's ETHA led the ethereum ETF market. However, Grayscale's ETHE ETF saw outflows. Nonetheless, the nine spot ether ETFs collectively posted positive flows for the first time since launching. Despite the inflows, volatility remains a factor, with bitcoin and ethereum prices experiencing drops.
- Content Editor ( cryptonewsland.com )
- 2024-11-14
Spot Bitcoin ETFs See Strong Inflows of $817 Million as BTC Drops 2.3%