Bitcoin and Ethereum spot exchange-traded funds (ETFs) have recorded consistent inflows for two straight weeks, reflecting strong investor interest. This comes as Bitcoin continues to trade around the $100,000 mark.
On Wednesday, Bitcoin spot ETFs witnessed a total net inflow of $275 million, marking 15 consecutive days of net inflows. BlackRock’s IBIT ETF led the charge, recording net inflows of $360 million, according to data from Sosovalue.
Ether ETFs See 18 Consecutive Days of Positive Movement
Meanwhile, Ethereum spot ETFs also posted huge inflows, capturing the attention of investors. On Wednesday, total net inflows for Ethereum spot ETFs reached $2.45 million, marking 18 consecutive days of positive movement.
BlackRock’s ETHA ETF recorded a net inflow of $81.9 million, proving the second largest cryptocurrency by market cap is also appealing. Other leaders in the Ethereum spot ETF space include Grayscale’s ETH and Fidelity’s FETH, further cementing Ethereum’s status as a key player in the crypto investment landscape.
Crypto Market Briefly Turns Red
Despite the steady inflows into Bitcoin and Ethereum spot ETFs, the broader cryptocurrency market experienced a brief downturn on Wednesday. Bitcoin’s price temporarily fell below the $100,000 threshold, contributing to a market-wide dip. The global cryptocurrency market capitalization dropped by 4% within 24 hours, settling at $3.84 trillion.
However, Bitcoin quickly regained its footing and was trading at approximately $101,800 on Thursday, demonstrating its resilience amid market volatility.
The continued inflows into both Bitcoin and Ethereum spot ETFs suggest growing confidence in cryptocurrency as a long-term investment. BlackRock, Grayscale, and Fidelity continue to lead in attracting capital and this highlights institutional investors’ increasing participation in the market.
These consistent inflows into the spot ETF products also shows broader adoption of crypto-based financial products, with spot ETFs providing an accessible way for retail and institutional investors to gain exposure to digital assets without directly owning them.
The post Bitcoin and Ether Spot ETFs See Two Weeks of Inflows appeared first on Cryptonews.
