Spot BTC ETFs in the US Report $50.64 Million Net Inflow on Thursday

• Investment interest in Bitcoin and Ethereum ETFs in the U.S. continues to show robust movement.
• Reports indicate substantial inflows for both BTC and ETH exchange-traded funds.
• Market sources highlight notable entries and exits within various funds, reflecting dynamic investor sentiment.

Discover the latest trends in Bitcoin and Ethereum ETFs as net flows reveal investor sentiments. Stay informed on the shifting landscape of crypto investments.

Solid Inflows for Bitcoin ETFs Highlight Growing Interest

On Thursday, it was reported that twelve U.S.-listed Bitcoin ETFs saw a net inflow totaling $50.64 million. This development underscores a continued appetite for Bitcoin investments among institutional and retail investors alike. The Mini Trust, which only began trading on Wednesday, remarkably led the inflows with $191.13 million, closely followed by BlackRock’s iShares Bitcoin Trust (IBIT) which attracted $25.9 million.

Outflows Balance the Surging Inflows

However, the day also recorded net outflows amounting to $71.33 million from Grayscale’s Bitcoin Trust (GBTC). Fidelity’s Bitcoin ETF (FBTC) reported a notable net outflow of $48.4 million, and the ARK Invest & 21Shares ARKB fund saw $22.42 million exiting. Bitwise and VanEck’s funds also experienced withdrawals, while five other issuers, including Valkyrie, reported zero net flows.

Ethereum ETFs: Revival Amid Contrasting Trends

Ethereum ETFs also witnessed an intriguing shift. After a significant net outflow of $77 million on Wednesday, nine U.S.-listed spot Ethereum ETFs collectively registered an inflow of $26.75 million on Thursday. BlackRock’s Ethereum ETF (ETHA) led these inflows with an impressive $89.65 million, signaling a strong investor confidence in Ethereum despite recent volatilities.

Contrasting Movements within Ethereum Funds

Interestingly, while there were positive movements in some Ethereum funds, others saw considerable outflows. Fidelity’s Ethereum ETF reported an inflow of $11.7 million while Bitwise’s ETHW managed to gather $3.35 million. In contrast, Grayscale’s ETHE shares saw outflows of $77.95 million, offsetting much of the day’s positive inflows.

Broader Market Indicators and Takeaways

The trading activity within these ETFs is reflective of broader market trends. According to CoinMarketCap, the combined daily trading volume of the twelve Bitcoin ETFs reached approximately $2.91 billion on Thursday, a significant increase from $1.37 billion on Wednesday. Year-to-date, spot Bitcoin products have accumulated a net inflow of $17.74 billion. Despite this, the largest two Bitcoin spot ETFs experienced nearly a 3% decline on Thursday.

Conclusion

In summary, while the Bitcoin and Ethereum ETF markets are showing substantial interest and dynamic movements, the contrast in inflows and outflows among different funds suggests a complex investor sentiment landscape. As the crypto market continues to evolve, staying informed and conducting thorough research remains crucial for any market participant. These insights reflect ongoing trends, though the inherent volatility of crypto assets necessitates a cautious and well-informed approach to investment.