Spot Bitcoin ETFs See $27.8 Million Inflows, Dominating over Ethereum ETFs

  • Recent data highlights notable influxes into cryptocurrency ETFs in the United States.
  • Both Ethereum and Bitcoin spot ETFs have seen substantial net capital inflows.
  • A shift in trading patterns for various ETFs indicates evolving market dynamics.

This detailed report dives into the significant net inflows observed for Ethereum and Bitcoin spot ETFs in the U.S., providing a comprehensive analysis of their market impact.

Significant Capital Influx in Ethereum Spot ETFs

According to the latest figures from SosoValue, Ethereum spot ETFs witnessed net inflows amounting to $4.9 million. Notably, nine Ethereum ETFs reported net positive gains after experiencing negative flows for three consecutive days. Grayscale’s ETHE, which had seen negative outflows for 14 days, stabilized with zero flow, indicating a potential halt in bearish sentiment. Conversely, VanEck’s ETHV was an exception, recording a notable net outflow of $2.92 million, marking its first negative movement since July 23.

Prominent Performers in Ethereum ETFs

Among the key performers, Fidelity’s FETH led with a significant net inflow of $3.98 million, followed closely by Bitwise’s ETHW which reported $2.86 million. Franklin’s EZET also contributed with an inflow of approximately $1.01 million. The collective daily trading volume for these spot Ethereum ETFs surged from $166.9 million on Friday to $286 million on Monday, signaling increased investor interest and trading activity.

Bitcoin Spot ETFs Experience Major Inflows

The U.S. market also saw impressive capital movements within Bitcoin spot ETFs, with total net inflows reaching $27.87 million on Monday. Leading this surge was Ark and 21Shares’ ARKB, which registered the highest net inflow of $35.4 million among its peers. BlackRock’s IBIT followed with a $13.45 million net inflow, while Grayscale saw an infusion of $7.85 million. Despite these positive trends, Bitwise’s BITB and Grayscale’s GBTC experienced net outflows of $17.06 million and $11.77 million respectively, showcasing a mixed sentiment among investors.

Bitcoin and Ethereum Price Movements

Bitcoin’s price exhibited a modest increase, rising by 1.09% in the last 24 hours, to reach approximately $59,128. Meanwhile, Ether showcased a more robust price appreciation, climbing by 4.51% to trade at $2,657. These movements reflect a growing confidence among investors and market participants in the potential of these major cryptocurrencies.

Conclusion

In summary, the recent data underscores a significant shift in capital movements within the cryptocurrency ETF space. Ethereum and Bitcoin spot ETFs have both seen substantial inflows, reinforcing their positions in the market. Investors should continue to monitor these developments closely, as they reflect broader market trends and investor sentiment towards these digital assets. As always, it is crucial for investors to conduct thorough research and consider the inherent risks associated with cryptocurrency investments before making any decisions.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.

BREAKING NEWS

US DOJ Targets $16 Million in Cryptocurrency, Dominated by Solana (SOL), in Major Forfeiture Case Linked to SBF

On November 13th, COINOTAG News reported that the U.S....

DOGE Investors Celebrate $12.58 Million Float Profit as MAGA Smart Money Sees 2499% ROI

In a notable development within the cryptocurrency landscape, recent...

Ethereum Spot ETF Sees Positive Flow with $135.59 Million Influx Since Launch

On November 13th, COINOTAG News reported insights from Nate...

Aptos TVL Surpasses $1 Billion: New All-Time High Driven by Amnis Finance, Aries Markets, and Thala

As of November 13, data from DeFiLlama reveals that...

Blueport Interactive’s Strategic Bitcoin Holdings: Long-Term Optimism and Growth Potential

On November 13th, Wang Feng, the founder of Blueport...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img