In the U.S., Bitcoin spot exchange-traded funds (ETFs) have seen significant capital inflows, reaching $263 million in a single day.
Key Data on Bitcoin Spot Funds
Bitcoin spot ETFs in the U.S. recorded a net inflow of $158.21 million before Thursday's outflow of $52 million. Ark Invest and 21Shares' ARKB received the most inflows, with $81.07 million. Fidelity's FBTC recorded net inflows of $49.88 million, while Bitwise's BITB had positive flows of $10.36 million. Grayscale's Bitcoin Mini Trust received $9.54 million in inflows and Franklin Templeton's EZBC received $7.35 million.
Data on Ether Spot Funds
Since January, U.S. Bitcoin spot funds have had a net inflow of $17.60 billion, with $1.44 billion in total daily transaction activity on Thursday. Spot ether ETFs recorded net inflows of $5.24 million, with all money coming from BlackRock's ETHA fund. Total daily trading volume for ether funds increased to $250.84 million from $221.88 million on Wednesday.
Current Trends and Analysis
While U.S. Bitcoin spot ETFs have shown positive results despite some volatility, U.S. ether ETFs have lost $610.35 million since their inception in July. Bitcoin's price is currently challenging the 200-day simple moving average (SMA), indicating a robust trend.
Bitcoin and ether spot ETFs continue to attract significant investments despite current market volatility. Future fund dynamics will depend on macroeconomic factors and investor behavior.
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