Ethereum

Strong

Million

Drops

Spot

<ul class="wp-block-list">
 <li>U.S. spot bitcoin ETFs saw record inflows, with $1.93 billion into BlackRock’s IBIT alone, amid a crypto market surge and high trading volumes.</li>  
 <li>Ethereum ETFs in the U.S. reached $135.9 million in net inflows, led by BlackRock’s ETHA, marking a positive shift in investor interest.</li>  
 <li>Despite inflows, bitcoin's rally paused, dipping 3.4% after peaking at $90,000, while ethereum fell 7.35%, signaling market volatility.</li> 
</ul>  
<p>Spot bitcoin and ethereum exchange-traded funds (ETFs) in the U.S. have experienced significant inflows over recent days, 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.&nbsp;</p>  
<p>Notably, the daily trading volume for the 12 bitcoin ETFs reached $5.7 billion on Tuesday, compared to $7.3 billion on Monday and $2.8 billion last Friday, according to recent data from SoSoValue. This level of trading activity and capital inflow suggests a heightened interest in cryptocurrency funds.</p>  
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<h2 class="wp-block-heading" id="h-blackrock-and-fidelity-lead-the-inflows"><strong>BlackRock and Fidelity Lead the Inflows</strong></h2>  
<p>Among the funds, BlackRock’s IBIT ETF led the market with an impressive $778.3 million flowing in on Tuesday, boosting its total weekly inflows to $1.93 billion. Fidelity’s FBTC ETF followed, drawing $37.2 million.&nbsp;</p>  
<p>Meanwhile, Grayscale’s Mini Bitcoin Trust and VanEck’s HODL also attracted over $10 million in inflows each. The substantial inflows are taking place amid a broader cryptocurrency rally, which has seen bitcoin reaching new price heights over the past week. At one point, the digital asset breached the $90,000 mark before pulling back slightly on Wednesday.</p>  
<p>Additionally, Grayscale’s GBTC, the second-largest spot bitcoin ETF by net assets, diverged from the trend, experiencing $17.8 million in outflows on Tuesday. The Ark and 21Shares ARKB also recorded net outflows of $5.4 million. Despite these few outliers, the overall surge in inflows suggests robust investor confidence in bitcoin ETFs, even with fluctuations in bitcoin’s market price.</p>  
<h2 class="wp-block-heading" id="h-ethereum-etfs-follow-bitcoin-s-momentum"><strong>Ethereum ETFs Follow Bitcoin’s Momentum</strong></h2>  
<p>Conversely, Ethereum spot ETFs have also seen increased investor interest. Net inflows for U.S.-listed spot ethereum ETFs reached $135.9 million on Tuesday, marking the second-highest daily inflow since their launch. BlackRock’s ETHA led the ethereum ETF market with $131.5 million in inflows, while Bitwise’s ETHW received nearly $17 million.&nbsp;</p>  
<p>Grayscale’s Mini Ethereum Trust added $12.7 million in new investments.Not all ethereum ETFs benefited from this trend. Grayscale’s ETHE ETF, for instance, saw outflows totaling $33.2 million, indicating some investors chose to exit rather than increase their positions.&nbsp;</p>  
<p>Nonetheless, the nine spot ether ETFs have collectively posted positive flows for the first time since launching, with cumulative flows reaching $94.62 million. This is a major shift from the previous month when the funds collectively posted negative flows of $686 million.</p>  
<h2 class="wp-block-heading" id="h-outlook-remains-cautious-amid-volatile-market"><strong>Outlook Remains Cautious Amid Volatile Market</strong></h2>  
<p>However, although the recent inflows indicate <a href="https://cryptonewsland.com/bitcoin-spot-etf-saw-2-22b-net-inflow/" target="_blank" rel="noopener noreferrer nofollow">growing </a>interest in crypto ETFs, volatility remains a factor. Bitcoin's rally showed signs of slowing, with a 2.3% drop over the past 24 hours. Prices dipped below $86,545 after peaking above $90,100, indicating potential profit-taking among large investors.&nbsp;</p>  
<p>Ethereum mirrored this trend, falling 7.35% to trade at $3,142. Analysts suggest that market fluctuations may persist, with upcoming economic data releases potentially adding further volatility.</p> 
<p>The post <a href="https://cryptonewsland.com/spot-bitcoin-etfs-see-strong-inflows-of-817-million-as-btc-drops-2-3/" rel="noopener noreferrer nofollow">Spot Bitcoin ETFs See Strong Inflows of $817 Million as BTC Drops 2.3%</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Spot Bitcoin ETFs See Strong Inflows of $817 Million as BTC Drops 2.3%

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