Bitcoin Spot ETFs Face $194 Million in Outflows, Ethereum Spot ETFs See $287 Million Inflows
US Bitcoin Spot ETFs received $178.9 million in net inflows, with BlackRock’s IBIT seeing the highest inflows, while Ethereum ETFs recorded $39.1 million, continuing a streak of growth.
BTC
ETH
Summary
US Bitcoin Spot ETFs attracted $178.9 million in net inflows, with BlackRock’s IBIT leading at $63.7 million. Ethereum Spot ETFs saw $39.1 million in net inflows, marking six consecutive days of growth. This signals a continued positive outlook for digital asset ETFs.
Terms & Concepts
- Bitcoin Spot ETF: An exchange-traded fund that tracks the price of Bitcoin, offering exposure to Bitcoin without the need to directly own the cryptocurrency.
- Ethereum Spot ETF: An exchange-traded fund that tracks the price of Ethereum, allowing investors to gain exposure without directly holding the cryptocurrency.