Bitcoin Spot ETF Inflows Hit $1 Billion Led By BlackRock
Key Points:
- Bitcoin spot ETF inflows surged to $1.005 billion, dominated by BlackRock and Fidelity.
- Ethereum ETFs faced net outflows, with Grayscale suffering the largest loss.
Bitcoin Spot ETF inflows hit $1.005B on Nov 21, led by BlackRock’s $608M and Fidelity’s $301M. Ethereum ETFs saw outflows of $9.05M, with Grayscale leading losses.
Bitcoin Spot ETF Inflows Surge with Major Contributions
As of November 21, total investment in Bitcoin spot ETFs reached a net inflow of $1.005 billion. BlackRock‘s ETF, IBIT, garnered inflows worth $608 million, while Fidelity’s ETF, FBTC, was the second-best performer, with inflows of $301 million. Such frenzy reflects growing confidence in the Bitcoin-focused ETF among institutional investors.
While Bitcoin ETFs saw unprecedented inflows, this was a function of broader interest in the cryptocurrency market for regulated investment products. According to Sosovalue, this is indicative of a very strong appetite among both retail and institutional participants, boosting the dynamics of the markets and indicating increased mainstream adoption.
Read more: Bitcoin Spot ETF Inflows Reach $796M On November 20
Ethereum ETFs See Sharp Outflows Amid Mixed Trends
In contrast, Ethereum ETFs saw a net outflow of $9.05 million on Nov 21st: Grayscale‘s ETHE took the most damage with a single-day outflow of $27.07 million. However, not all were in the red, as this was somewhat balanced out by Fidelity’s ETF FETH with an inflow of $16.79 million – an indicative result of some investors’ confidence.
These do present trends of how the two markets diverge, whereby Bitcoin starts to move and Ethereum doesn’t. A cautious investor likely prefers Bitcoin as relatively safer and more established within the crypto space.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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Bitcoin Spot ETF Inflows Hit $1 Billion Led By BlackRock
Key Points:
- Bitcoin spot ETF inflows surged to $1.005 billion, dominated by BlackRock and Fidelity.
- Ethereum ETFs faced net outflows, with Grayscale suffering the largest loss.
Bitcoin Spot ETF inflows hit $1.005B on Nov 21, led by BlackRock’s $608M and Fidelity’s $301M. Ethereum ETFs saw outflows of $9.05M, with Grayscale leading losses.
Bitcoin Spot ETF Inflows Surge with Major Contributions
As of November 21, total investment in Bitcoin spot ETFs reached a net inflow of $1.005 billion. BlackRock‘s ETF, IBIT, garnered inflows worth $608 million, while Fidelity’s ETF, FBTC, was the second-best performer, with inflows of $301 million. Such frenzy reflects growing confidence in the Bitcoin-focused ETF among institutional investors.
While Bitcoin ETFs saw unprecedented inflows, this was a function of broader interest in the cryptocurrency market for regulated investment products. According to Sosovalue, this is indicative of a very strong appetite among both retail and institutional participants, boosting the dynamics of the markets and indicating increased mainstream adoption.
Read more: Bitcoin Spot ETF Inflows Reach $796M On November 20
Ethereum ETFs See Sharp Outflows Amid Mixed Trends
In contrast, Ethereum ETFs saw a net outflow of $9.05 million on Nov 21st: Grayscale‘s ETHE took the most damage with a single-day outflow of $27.07 million. However, not all were in the red, as this was somewhat balanced out by Fidelity’s ETF FETH with an inflow of $16.79 million – an indicative result of some investors’ confidence.
These do present trends of how the two markets diverge, whereby Bitcoin starts to move and Ethereum doesn’t. A cautious investor likely prefers Bitcoin as relatively safer and more established within the crypto space.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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