Ethereum

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Bitcoin

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<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>U.S. spot Bitcoin ETFs have experienced net inflows for nine consecutive days, attracting $107.91 million on Thursday.</li> 
 <li>BlackRock’s IBIT, Fidelity’s FBTC, and VanEck’s spot Bitcoin fund led the inflows.</li> 
</ul>  
<p>Bitcoin exchange-traded funds (ETFs) in the United States have seen a continuous increase in net inflows for nine days, with the latest influx amounting to $107.91 million. </p> 
<p>This is the longest streak of net inflows into spot <a href="https://crypto.ro/en/cryptocurrencies/bitcoin/">Bitcoin</a> ETFs since mid-March, when they recorded ten consecutive days of inflows. </p> 
<h2 id="inflows-led-by-major-funds">Inflows Led by Major Funds</h2> 
<p>BlackRock’s IBIT fund led the inflows with $89 million. Fidelity’s FBTC followed closely, bringing in $19 million. </p> 
<p>VanEck’s spot Bitcoin fund also reported net inflows of $10 million. Meanwhile, Ark Invest and 21Shares’ Bitcoin fund, as well as Invesco and Galaxy Digital’s ETF, each recorded daily net inflows of $2 million. </p> 
<p>However, not all funds reported positive flows. Grayscale’s converted GBTC reported a net outflow of $14 million. Additionally, funds from Bitwise, Valkyrie, Franklin Templeton, WisdomTree, and Hashdex reported no changes in their flows. </p> 
<h2 id="overall-performance-of-bitcoin-etfs">Overall Performance of Bitcoin ETFs</h2> 
<p>Collectively, the 11 spot Bitcoin ETFs have seen total net inflows of over $13.43 billion since their listing in January. Despite the recent positive trend, the overall flows for these ETFs remain significantly lower than their peak in March. </p> 
<p>The price of Bitcoin fell by 2.61% in the past 24 hours to $67,642. </p> 
<p>In other news, the U.S. Securities and Exchange Commission announced its approval of 19b-4 forms for eight spot <a href="https://crypto.ro/en/cryptocurrencies/ethereum/">Ethereum</a> ETFs from BlackRock, Fidelity, Grayscale, Bitwise, VanEck, Ark, Invesco Galaxy, and Franklin Templeton. However, these Ethereum ETFs will still need to have their S-1 registration statements approved by the regulator before they can begin trading. </p>

Bitcoin ETFs Witness Unbroken Surge of Net Inflows for Over a Week

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