Institutional investor interest in spot crypto ETFs has surged
Investor interest in spot ETFs in the cryptocurrency market continues to grow. According to the latest data, on April 6, spot ETFs for Bitcoin recorded a net inflow of $471 million. These data were provided by the market analytics platform SoSoValue.
The largest daily net inflow was recorded in the IBIT ETF offered by BlackRock. IBIT led the list with a net inflow of $182 million in a single day, bringing its cumulative net inflow to $63.29 billion. It was followed by the FBTC ETF managed by Fidelity. On the same day, FBTC recorded a net inflow of $147 million, bringing its total net inflow to over $11.1 billion.
Overall, the total net asset value of spot Bitcoin ETFs rose to $90.25 billion. This figure represents approximately 6.46% of Bitcoin’s total market capitalization. Additionally, it is reported that the cumulative historical net inflow into these products reached $56.4 billion.
On the other hand, spot ETFs for Ethereum also showed strong performance. On the same day, a net inflow of $120 million was recorded, with no outflows observed from any of the 10 ETFs on the market. The largest daily inflow was again recorded by BlackRock’s ETHA ETF at $60.8 million, while Fidelity’s FETH product ranked second with $40 million.
The total net asset value of spot Ethereum ETFs reached $12.28 billion, which represents approximately 4.74% of Ethereum’s market capitalization. Experts note that strong inflows into ETFs indicate continued interest from institutional investors.
See also: "Strategy reported a $14.5 billion unrealized loss in Q1."
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