Bitcoin

Million

Gains

On Monday, U.S. spot bitcoin exchange-traded funds (ETFs) <a href="https://sosovalue.xyz/assets/etf/us-btc-spot" rel="noopener noreferrer nofollow">reported</a> massive net inflows totaling $235.19 million. This marked a second consecutive day of positive momentum for these financial products.
<h2 id="span-style-font-weight-400-individual-contribution-span">Individual Contribution</h2>
Leading the charge was Fidelity’s FBTC, which saw the largest daily inflow of $103.68 million, according to data provided by SoSoValue. Following closely behind was BlackRock’s IBIT, the largest bitcoin ETF by net assets, with $97.88 million in inflows, a considerable increase after it reported zero flows last Friday.
Other prominent ETFs also benefited from the market’s rising interest in cryptocurrency investments. Bitwise’s BITB saw net inflows of $13.09 million, while Ark and 21Shares’ ARKB logged $12.63 million.
VanEck’s HODL also saw inflows of $5.37 million, and Invesco’s BTCO ETF recorded a modest $2.53 million. Interestingly, Grayscale’s GBTC, the second-largest spot bitcoin ETF, along with six other funds, saw no inflows on Monday, suggesting that the attention of investors may be concentrated on a select few funds.
<h2 id="span-style-font-weight-400-ethereum-etfs-face-a-slump-span">Ethereum ETFs Face a Slump</h2>
In contrast, spot Ethereum ETFs <a href="https://sosovalue.xyz/assets/etf/us-eth-spot" rel="noopener noreferrer nofollow">reported</a> zero net inflows on the same day. This stagnation comes after spot Ether ETFs saw a $7.39 million influx on Friday, followed by outflows of $3.2 million on Thursday.
Despite this brief activity, investor interest in Ethereum ETFs appears to have quieted down for now. The total trading volume for the nine Ethereum ETFs dropped to $118.43 million on Monday, down from $148.01 million on Friday.
The overall trading volume of the 12 bitcoin ETFs remained robust, reaching $1.22 billion on Monday, up slightly from $1.19 billion the previous Friday and $1.13 billion on Thursday. This steady increase in volume underscores growing investor enthusiasm for crypto-focused funds, with bitcoin maintaining its position as a favored asset.
<h2 id="span-style-font-weight-400-growing-interest-span">Growing Interest</h2>
Amid the growing interest in cryptocurrency ETFs, <a href="https://thecoinrise.com/bitwise-officially-files-for-spot-xrp-etf-in-the-us/" rel="noopener noreferrer nofollow">Bitwise recently filed for a spot Ripple ETF</a> with the U.S. Securities and Exchange Commission (SEC) via its S-1 filing, signaling its confidence in the crypto ETF market’s future.
At the time of writing, Bitcoin had <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow">dipped</a> slightly by 2% over the past 24 hours to $62,757, while Ether also experienced a 2.09% decline to trade at $2,442. Despite these minor fluctuations, the <a href="https://thecoinrise.com/crypto-recap-etfswaps-etfs-investors-make-millions-as-presale-crosses-4-5-million/" rel="noopener noreferrer nofollow">appetite for crypto ETFs remains strong</a>, hinting at continued growth in the sector.
The post <a href="https://thecoinrise.com/bitcoin-etfs-continue-to-draw-inflows-recording-235-million-in-net-gains/" rel="noopener noreferrer nofollow">Bitcoin ETFs Continue to Draw Inflows, Recording $235 Million in Net Gains</a> appeared first on <a href="https://thecoinrise.com/" rel="noopener noreferrer nofollow">TheCoinrise.com</a>.

Bitcoin ETFs Continue to Draw Inflows, Recording $235 Million in Net Gains

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