Institutional Investor Interest in Spot ETFs in the Cryptocurrency Market Soars! Here Are the Latest Data
Investor interest in spot ETFs in the cryptocurrency market continues to grow. According to the latest data, Bitcoin spot ETFs recorded a total net inflow of $471 million on April 6th. The data was shared by the market analysis platform SoSoValue.
The highest daily net inflow was recorded in the IBIT ETF offered by BlackRock. IBIT topped the list with a net inflow of $182 million in a single day, bringing its total cumulative net inflow to $63.29 billion. It was followed by the FBTC ETF managed by Fidelity. FBTC generated a net inflow of $147 million on the same day, bringing its total net inflow to over $11.1 billion.
Looking at the overall picture, the total net asset value of Bitcoin spot ETFs has risen to $90.25 billion. This figure represents approximately 6.46% of Bitcoin’s total market capitalization. Furthermore, it has been reported that the historical total net inflow into these products has reached $56.4 billion.
On the other hand, Ethereum spot ETFs also performed strongly. A total net inflow of $120 million was recorded on the same day, with no outflows reported in any of the 10 ETFs in the market. BlackRock’s ETHA ETF again saw the highest inflow of the day with $60.8 million, while Fidelity’s FETH product came in second with $40 million.
Ethereum spot ETFs have reached a total net asset value of $12.28 billion, representing approximately 4.74% of Ethereum’s market capitalization. Experts note that strong inflows into ETFs indicate continued institutional investor interest.
*This is not investment advice.
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