The landscape around the spot Bitcoin ETFs turned highly positive in the past week, with the products attracting more than $2 billion in net inflows.<\/p>\n
This has become their best five-day trading period in this regard since mid-March.<\/p>\n
It\u2019s safe to say that it was a big week for the 11 US-based spot Bitcoin ETFs, with several multi-month peaks, such as BlackRock\u2019s best day<\/a> since July on Wednesday. The total net inflows rose<\/a> above $20 billion that day, but they kept climbing by the end of the week and are currently worth just over $21 billion, according to Farside data<\/a>.<\/p>\n Monday saw the most inflows out of the entire five-day trading period, with $555.9 million entering<\/a> the funds. $371 million was poured in on Tuesday, $458.5 million on Wednesday, $470.5 million on Thursday, and a more modest $273.7 million on Friday. This brought the total net inflows value to $2,132.6 billion for the week, which makes it the most lucrative one since March 11-15, when the number was more than $2.5 billion.<\/p>\n BlackRock\u2019s IBIT led the pack on Tuesday, Wednesday, and Thursday, and it saw more than $1 billion in net inflows alone. The other big beneficiaries this week included Fidelity\u2019s FBTC ($348 million) and Ark Invest\u2019s ARKB ($306.1 million).<\/p>\n There were actually no net outflows registered throughout the week, as even Grayscale\u2019s largest fund saw some inflows on Monday, Tuesday, and Thursday.<\/p>\n Naturally, the price of the underlying asset gained a lot of value during this period, surging from $62,500 on Monday to a multi-month peak of $69,000<\/a> on Friday.<\/p>\n The spot Ethereum ETFs have failed to attract a lot of interest since their launch in July, but the past five trading days went quite well for them. Aside from the $12.7 million in net withdrawals on Tuesday, the numbers were positive for Monday ($17 million), Wednesday ($24.2 million), Thursday ($48.4 million), and Friday ($1.9 million).<\/p>\n Consequently, the total net inflows stood at $78.8 million for the week, making it the best one since August 5-9.<\/p>\n ETH\u2019s price also charted impressive gains over the past several days, surging from $2,450 on Monday to $2,640 as of now.<\/p>\n The post ETF Recap: Bitcoin Funds Register Best Inflow Week Since March<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" The landscape around the spot Bitcoin ETFs turned highly positive in the past week, with the products attracting more than $2 billion in net inflows. This has become their best five-day trading period in this regard since mid-March. Massive Inflows for BTC ETFs It\u2019s safe to say that it was a big week for the […]<\/p>\n","protected":false},"author":0,"featured_media":15138,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-15137","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/15137"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15137"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/15137\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/15138"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15137"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15137"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Ethereum ETFs See Some Demand?<\/h2>\n