Bitcoin ETFs notched their tenth consecutive day of inflows, adding $89 million, led by Fidelity’s FBTC and Blackrock’s IBIT. Meanwhile, ether ETFs recorded another day of outflows, losing $4 million.
Fidelity and Blackrock Drive $89 Million Into Bitcoin ETFs As Ether ETFs Lose Another $4 Million
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Inflows Hit 10-Day Streak For Bitcoin ETFs While Ether ETFs Struggle with Continued Exits
Bitcoin ETFs continued their upward trajectory, marking their tenth consecutive day of inflows with an $89.06 million boost.
Fidelity’s FBTC led the charge, contributing $97.14 million, while Blackrock’s IBIT added a modest $3.97 million. Despite these gains, outflows from Invesco’s BTCO ($6.95 million) and Wisdomtree’s BTCW ($5.09 million) partially offset the day’s total. Even so, total net assets for bitcoin ETFs climbed to $98.29 billion, maintaining their stronghold in the market.
Investor interest in bitcoin ETFs remained strong, with total trading volume surging to $2.02 billion. The momentum signals sustained confidence in BTC’s price stability and long-term potential.
Ether ETFs, on the other hand, faced continued selling pressure, with a $4.22 million outflow extending their downturn. Fidelity’s FETH saw a $2.01 million exit, while Vaneck’s ETHV lost $2.21 million. Trading volume stood at $142.47 million, with total net assets stabilizing at $6.8 billion.
As bitcoin ETFs maintain their winning streak, ether ETFs struggle to find support. With ten straight days of inflows, bitcoin continues to attract institutional capital, while ether’s recent trend suggests a lack of investor confidence in ETH.
