The market for Bitcoin exchange-traded funds (ETFs) in the U.S. shows a positive trend with record capital inflows, while Ethereum ETFs deliver less impressive results.
Capital Inflows into Bitcoin ETFs
In the U.S., the Bitcoin ETF market has recorded its eighth consecutive day of positive net inflows, reaching a total of $2.4 billion. BlackRock's IBIT fund led the way with an inflow of $278.9 million, while Fidelity's FBTC also achieved significant results with an influx of $104.4 million.
Performance of Ethereum ETFs
Currently, spot Ethereum ETFs are lagging in market performance compared to Bitcoin. Despite a net inflow of $1.4 billion last week, recent data shows a decrease in that momentum, with only $19.1 million added recently. This deceleration is largely attributed to geopolitical tensions and a lack of strong catalysts for further inflows.
Impact of Macroeconomic Factors
Macroeconomic factors remain crucial, with interest rates stable yet accompanied by a cautious outlook. Bitcoin's current valuation has experienced a slight decrease, underscoring challenges in overcoming resistance points while testing support levels.
Despite warnings about upcoming challenges, some experts see opportunities for Bitcoin, pointing to its resilience and positioning above $100,000.
