As of December 26, spot Bitcoin $94,502 ETFs experienced net inflows of $475 million following four days of net outflows. The cessation of this outflow trend indicates a renewed interest from investors in spot Bitcoin ETFs. Fidelity’s Bitcoin ETF (FBTC) stood out with a notable net inflow of $254 million.
Net Inflows Rebound for Bitcoin ETFs
The total net inflow of $475 million into spot Bitcoin ETFs signals a significant recovery in the cryptocurrency market. These new inflows, following the recent outflows, demonstrate that investors are once again turning towards Bitcoin, the largest cryptocurrency. Fidelity’s Bitcoin ETF (FBTC) garnered particular attention, achieving a net inflow of $254 million, marking one of the highest investment levels in recent times. Bitcoin’s recovery seems likely to foster a positive market atmosphere.
On the same day, spot Ethereum $3,343 ETFs also saw a net inflow of $117 million, indicating a growing interest in Ethereum, the second-largest cryptocurrency. Fidelity’s Ethereum ETF (FETH) contributed significantly with a net inflow of $82.96 million. BlackRock’s Ethereum ETF (ETHA) also gained attention, with a net inflow of $28.17 million. Overall, Ethereum continues to attract investor interest, bolstered by a general positive market sentiment.
Investment Inflows Rise for Spot Ethereum ETFs
The increase in interest towards Ethereum may prove pivotal for the altcoin market. The net inflow of $117 million on December 26 reflects rising confidence in Ethereum and the altcoin market overall. Fidelity and BlackRock’s spot Ethereum ETFs received net inflows of $82.96 million and $28.17 million respectively, underscoring ongoing faith in the altcoin king’s potential and sustained investor interest.
Recently, the growing interest in Bitcoin and Ethereum ETFs has become a trend closely monitored by market participants. Despite the holiday season, the substantial influx of investments into both Bitcoin and Ethereum ETFs suggests that significant developments may be on the horizon for the cryptocurrency market.