$640 Million Flows Into Ether ETFs as Bitcoin ETFs Notch 7th Day of Gains
Main Idea
Ether ETFs saw $640 million in inflows for the eighth consecutive day, while Bitcoin ETFs recorded $231 million in gains despite outflows from major funds, with record-breaking trading volumes highlighting strong market momentum.
Key Points
1. Ether ETFs attracted $639.61 million in inflows, marking eight consecutive days of gains, led by Blackrock’s ETHA with $519.68 million.
2. Bitcoin ETFs gained $230.93 million despite significant outflows from funds like Ark 21shares’ ARKB ($149.92 million) and Fidelity’s FBTC ($113.47 million).
3. Blackrock’s IBIT was the top performer among Bitcoin ETFs, pulling in $523.74 million, offsetting losses from other funds.
4. Trading volumes reached record highs: $4.22 billion for Ether ETFs and $6.20 billion for Bitcoin ETFs.
5. Net assets for Ether ETFs remained steady at $29.22 billion, while Bitcoin ETFs saw a slight dip in total net assets.
Description
Ether exchange-traded funds (ETFs) scored another $640 million in inflows, marking their eighth consecutive day in the green, while bitcoin ETFs logged a seventh straight day of gains with $231 million despite sharp outflows in several major funds. Record-breaking trading volumes underscored the market’s feverish pace. Ether ETFs Extend Streak to 8 Days With Bitcoin
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