The spot Bitcoin (BTC) ETF attracted 642 million in capital inflow, while Ethereum (ETH) saw an increase of 406 million during the same period, indicating a "rise in market confidence."

CN
9 hours ago

Recent spot Bitcoin and Ethereum ETFs have continued to attract capital inflows, indicating a growing interest from institutions in exposure to crypto assets.

According to SoSoValue data, the net inflow for spot Bitcoin (BTC) ETFs reached 642.35 million on Friday, marking the fifth consecutive day of growth. The total cumulative net inflow has reached 56.83 billion, with total net assets of 153.18 billion, accounting for approximately 6.62% of Bitcoin's (BTC) total market capitalization.

Fidelity's FBTC recorded an inflow of 315.18 million that day, followed closely by BlackRock's IBIT with an inflow of 264.71 million. The total trading volume of all spot Bitcoin ETFs exceeded 3.89 billion, reflecting increased market activity and a rise in institutional positions. Leading market products like IBIT and FBTC saw daily gains of over 2%.

Earlier this month, the market was relatively calm, but this influx of funds indicates that as the macroeconomic environment stabilizes, the crypto market is showing strong momentum. Over the past five days, the cumulative net inflow for spot Bitcoin ETFs has reached 2.34 billion.

Spot Ethereum (ETH) ETFs continued their strong performance, with a net inflow of 405.55 million that day, marking the fourth consecutive day of net inflows. The cumulative capital inflow for Ethereum ETFs has reached 13.36 billion, with total net assets of 30.35 billion.

On Friday, BlackRock's ETHA attracted 165.56 million, while Fidelity's FETH followed closely with 168.23 million. The trading volume for ETHA that day reached 1.86 billion, reflecting an increase in market activity for Ethereum-related products.

Vincent Liu, Chief Investment Officer at Taiwan's Kronos Research, told Cointelegraph: "The continuous strong inflows into Bitcoin and Ethereum spot ETFs demonstrate rising institutional confidence."

Liu added, "If the macro environment continues to improve, this influx of funds is expected to enhance liquidity and provide momentum for both asset classes."

Reports indicate that BlackRock is exploring the tokenization of ETFs on blockchain networks, following the success of its spot Bitcoin ETF. The asset management giant is particularly focused on tokenizing funds related to real-world assets (RWA), although regulatory challenges remain a significant obstacle.

ETF tokenization is expected to bring new features such as 24-hour trading and integration with the decentralized finance (DeFi) ecosystem.

Related: Bitcoin is "preemptively digesting future market conditions": 5 key BTC points to watch this week.

Original: “Spot Bitcoin (BTC) ETF attracts 642 million in inflows, Ethereum (ETH) sees an increase of 406 million, market 'confidence rising'”

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