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Bitcoin Spot ETF Inflows Reach $307 Million Last Week

Bitcoin Spot ETF Inflows Reach $307 Million Last Week

 

 

 

Insights Into Weekly Bitcoin Spot ETF Inflows

 

During the week, Bitcoin spot ETFs logged a strong $307 million net inflows, while Blackrock’s IBIT contributed $498 million in single stock alone. As such, the ARKB ETF turned out the opposite in this case, characterized by a $202 million outflow in the same period.

 

This spike in Bitcoin spot ETF inflows indicates mounting interest by investors in such funds, but with Blackrock IBIT forging ahead. As Blackrock took the lion’s share, other ETFs, such as ARKB, had been in the doldrums, illustrating hybrid dynamics within the Bitcoin spot ETF market, according to Sosovalue.

 

 

 

Ethereum spot ETFs realized net outflows of $186 million last week, of which Fidelity’s FETH posted the largest loss of $276 million. Meanwhile, Blackrock’s ETHA ETF emerged as an outlier with a $124 million net inflow, highlighting hugely opposed reactions to investor sentiment.

 

 

Such a dispersion within Ethereum spot ETFs underpins a change in investor positioning. Considering this fact, while Blackrock ETHA attracted serious interest, other ETFs, such as Fidelity FETH, lost grip on investor confidence as divergent market outlooks weighed.

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