Ethereum

United

Bitcoin

Spot

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/investors-favor-ethereum-and-bitcoin-etfs" data-wpel-link="internal" rel="noopener noreferrer nofollow">Investors Favor Ethereum and Bitcoin ETFs</a><br></p>
<p style="text-align: justify">In the United States, spot Ethereum and <a href="https://en.bitcoinhaber.net/crypto-investors-eye-potential-bull-market-triggered-by-bitcoin-halving-and-spot-etf-approval" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> exchange-traded funds (ETFs) have experienced significant activity recently. On Tuesday, spot Ethereum ETFs recorded a net inflow of $24.34 million, while spot Bitcoin ETFs saw a net inflow of $38.94 million. These figures signal a generally positive market sentiment, despite some funds starting to display negative trends.</p>
<h2 id="how-are-spot-ethereum-etfs-performing">How Are Spot Ethereum ETFs Performing?</h2>
<p style="text-align: justify">Spot Ethereum ETFs continued their positive momentum from Monday into Tuesday. BlackRock’s ETHA fund led the charge with a net inflow of $49.12 million, marking a substantial rise from the previous day’s zero flows. Fidelity’s FETH fund attracted $5.41 million, and Invesco’s QETH fund saw $813,690 in net inflows. Conversely, Grayscale’s ETHE fund reported a negative flow of $31 million, a downturn from its previous zero flows.</p>
<p style="text-align: justify">On Tuesday, the daily trading volume for nine spot Ethereum ETFs reached approximately $191 million, down from $285.9 million on Monday. This indicates a slight dip in trading activity for spot Ethereum ETFs.</p>
<h2 id="what-s-happening-with-spot-bitcoin-etfs">What’s Happening with Spot Bitcoin ETFs?</h2>
<p style="text-align: justify">Spot Bitcoin ETFs also continued their positive inflows. BlackRock’s IBIT fund posted the highest net inflow of $34.55 million. Fidelity’s FBTC fund recorded an inflow of $22.56 million, while Bitwise’s BITB fund saw an inflow of $16.54 million. However, Grayscale’s GBTC fund continued its nine-day outflow streak, reporting $28.65 million. Additionally, Ark and 21Shares’ ARKB fund experienced a $6 million outflow.</p>
<p style="text-align: justify">Spot Bitcoin ETFs recorded a total daily trading volume of $1.18 billion on Tuesday, slightly down from the $1.3 billion recorded on Monday. This positive momentum saw Bitcoin’s price rise by 3.27% to $61,109 over the last 24 hours, while Ethereum increased by 2.1% to $2,713.</p>
<h2 id="key-insights-for-investors">Key Insights for Investors</h2>
<p style="text-align: justify">– Spot Ethereum ETFs saw a net inflow of $24.34 million on Tuesday.<br> – Spot Bitcoin ETFs received a net inflow of $38.94 million on Tuesday.<br> – Bitcoin’s price rose by 3.27% to $61,109 in the last 24 hours.</p>
<p style="text-align: justify">These insights indicate strong investor interest in both Ethereum and Bitcoin ETFs, reflecting a positive market environment. However, the negative flows in some major funds like Grayscale underscore the inherent volatility within market dynamics.</p>
<p style="text-align: justify">Overall, the current state of spot ETFs reveals continued popularity for both Ethereum and Bitcoin among <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">investors</a>, highlighting the ongoing optimism in the market.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/investors-favor-ethereum-and-bitcoin-etfs" data-wpel-link="internal" rel="noopener noreferrer nofollow">Investors Favor Ethereum and Bitcoin ETFs</a></h5>

Investors Favor Ethereum and Bitcoin ETFs

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