Bitcoin exchange-traded funds (ETFs) recorded their fourth consecutive day of inflows, adding $179 million, led solely by ARKB and IBIT. Ether ETFs also hit a sixth day of inflows, although inflows were modest at $36 million.
Bitcoin ETFs Secure $179 Million Inflow as Ether ETFs Streak Hits Day 6
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Sustained ETFs Demand Evident in Consecutive Inflows for Bitcoin and Ether
Bitcoin ETFs continued their upward recovery, marking their fourth consecutive day of inflows with a $178.9 million boost.
The inflow was dominated by $79.81 million for Ark 21shares’ ARKB and $63.72 million for Blackrock’s IBIT. Further influx of funds was seen on Bitwise’s BITB, which brought in $25.02 million, and Grayscale’s Bitcoin Mini Trust with a $5.45 million addition.
Fidelity’s FBTC rounded up the inflows with a modest $4.89 million. It was a day of net gains with no bitcoin ETFs recording any outflows. The total value traded was $2.54 billion, and the net assets stood at $144.96 billion.
Ether ETFs kept their streak alive, despite a mixed trading day that led to a modest net inflow. Blackrock’s ETHA logged a $67.62 million inflow, and Grayscale’s Ether Mini Trust added $6.27 million.
Outflows of $33.45 million on Fidelity’s FETH and $1.28 million on Bitwise’s ETHW impacted the inflows, but it was still a net positive day for ether ETFs. The total value traded was $2.03 billion, and the net assets stood at $29.51 billion.
As bitcoin ETFs start to find their winning streak again, along with ether ETFs still going strong, another bullish run might be in the offing for institutional inflows.
