Bitcoin & Ethereum ETFs See Renewed Interest as Inflows Rise

Despite recent downturns in Bitcoin, Ethereum, and altcoins, investors are showing renewed interest in crypto-related exchange-traded funds (ETFs) with inflows on the rise. After days of outflows, US spot Bitcoin and Ethereum ETFs have recorded net inflows this week. Farside Investors data reveals that spot Bitcoin ETFs experienced a second consecutive day of positive inflows amounting to $88.1 million. BlackRock’s IBIT fund led the way with substantial inflows of $45.3 million followed by Fidelity’s FBTC with $14.5 million and Bitwise’s BITB with $9 million. Other funds saw minimal or no inflows, while Grayscale’s BTC, Ark Invest’s ARKB, and VanEck’s HODL also witnessed inflows of $11 million, $4.1 million, and $3.9 million respectively. Ethereum ETFs have also experienced a series of inflows, with a total inflow of $455 million marking the fourth consecutive day of net inflows. BlackRock’s ETHA fund topped the list with $323 million in inflows, followed by Fidelity’s FETH with $85.5 million and Grayscale’s ETH fund with $41.1 million. Grayscale’s ETHE fund also saw positive inflows totaling $5.3 million. Notably, Bitcoin has seen a modest 1% gain over the last 24 hours to close around $111,390, while Ethereum is experiencing a more substantial 4.2% rise to reach $4,620. *This is not investment advice.*