Cash flows into spot Bitcoin ETFs increased to approximately $507 million on Wednesday, up from $258 million on Tuesday. The BlackRock IBIT fund led the most inflows with $297 million, followed by Grayscale's GBTC fund with $102 million. Total cash flows currently stand at $54.57 billion, while the total assets under management average $867.6 billion.
Steady inflows into ETFs help boost positive sentiment, encouraging investors to increase their exposure with expectations of steady price rises.
Bitcoin ETF Cash Flows | Source: SoSoValue
Spot Ethereum ETFs recorded cash inflows of $157 million on Wednesday, up from about $9 million the previous day. Fidelity’s FETH fund attracted nearly $62 million in cash flows, followed by Grayscale’s ETHE fund and BlackRock’s ETHA fund with approximately $34 million and $31 million in inflows, respectively.
Ethereum ETF Cash Flows | Source: SoSoValue
Meanwhile, XRP saw modest cash flows into (ETFs) totaling $3.09 million on Wednesday, slightly up from $3.04 million the day before. Cumulative cash flows rose to $1.24 billion, pushing total assets under management to over a billion dollars.
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Before00zero
· 2h ago
Bitcoin price (BTC) remains above $68,000 USD at the time of writing this report on Thursday, reflecting a positive trend in the cryptocurrency market. Altcoins, including Ethereum (ETH) and Ripple (XRP), are stabilizing above key levels of $2,000 USD and $1.45 USD respectively.
- Bitcoin, Ethereum, and XRP prices rise amid renewed risk appetite.
Cash flows into spot Bitcoin ETFs increased to approximately $507 million on Wednesday, up from $258 million on Tuesday. The BlackRock IBIT fund led the most inflows with $297 million, followed by Grayscale's GBTC fund with $102 million. Total cash flows currently stand at $54.57 billion, while the total assets under management average $867.6 billion.
Steady inflows into ETFs help boost positive sentiment, encouraging investors to increase their exposure with expectations of steady price rises.
Bitcoin ETF Cash Flows | Source: SoSoValue
Spot Ethereum ETFs recorded cash inflows of $157 million on Wednesday, up from about $9 million the previous day. Fidelity’s FETH fund attracted nearly $62 million in cash flows, followed by Grayscale’s ETHE fund and BlackRock’s ETHA fund with approximately $34 million and $31 million in inflows, respectively.
Ethereum ETF Cash Flows | Source: SoSoValue
Meanwhile, XRP saw modest cash flows into (ETFs) totaling $3.09 million on Wednesday, slightly up from $3.04 million the day before. Cumulative cash flows rose to $1.24 billion, pushing total assets under management to over a billion dollars.
XRP ETF Cash Flows | Source: SoSoValue