Ethereum and Bitcoin spot ETFs see $1B in daily inflows, with Ethereum leading at $547M and Bitcoin at $522M in net inflows.
Ethereum and Bitcoin spot ETFs experienced a surge in inflows, surpassing $1 billion on Monday.
Specifically, Ethereum ETFs attracted $547 million, while Bitcoin ETFs saw $522 million in net inflows. This reversal comes after Ethereum ETFs faced five days of outflows and reflects growing investor confidence in both assets.
Ethereum ETFs See Strong Reversal
Ethereum spot ETFs, after enduring five consecutive days of outflows, flipped positive with $547 million in net inflows. The nine Ethereum ETFs collectively experienced a surge, according to data from SoSoValue.
Fidelity’s Ethereum Fund (FETH) led the inflows, attracting $202 million in a single day. BlackRock’s iShares Ethereum Trust (ETHA) followed closely, adding $154 million.
This positive shift brings the total assets under management (AUM) for Ethereum ETFs to $27.5 billion. This is roughly 5.4% of Ethereum’s circulating market cap.
The rebound in inflows highlights renewed confidence in Ethereum, which had been facing market pressures in previous days.
Bitcoin ETFs Attract Significant Capital
Bitcoin spot ETFs mirrored the strong performance of Ethereum, recording $522 million in net inflows. Fidelity’s FBTC led the way, drawing $299 million in a single day.
Other funds, such as ARK 21Shares Bitcoin ETF (ARKB), also posted gains, with $62 million in inflows. The 12 Bitcoin spot ETFs now hold $150 billion in AUM, equivalent to 6.6% of Bitcoin’s total market cap.
However, BlackRock’s iShares Bitcoin Trust (IBIT) stood out as an exception, experiencing a modest outflow of $46.6 million. Despite this, the overall trend in Bitcoin ETFs remains positive, reflecting broader bullish sentiment in the crypto market.
Crypto Market Resilience Amidst Inflows
The resurgence in spot ETF inflows follows a period of market consolidation after a mid-September pullback.
Bitcoin is currently trading around $114,000, a 2.1% increase over the past 24 hours. Ethereum has also seen a rebound, with a 3% gain, trading at $4,178. This upward movement signifies the resilience of both assets after recent price fluctuations.
The strong inflows into Ethereum and Bitcoin ETFs come at a crucial time when crypto markets are recovering. As both assets continue to attract investor interest, the overall market sentiment remains optimistic.
The recent surge in ETF inflows further underscores the growing adoption of cryptocurrency in mainstream financial markets. This continued momentum may signal further bullish trends for the leading cryptocurrencies, Ethereum and Bitcoin.
As investors increasingly turn to these ETFs, the integration of crypto into traditional investment portfolios is becoming more pronounced.
