Recent data indicates a steady increase in institutional investors' interest in Bitcoin and Ethereum ETFs, highlighting the growing role of cryptocurrencies in traditional financial markets.
Growing Interest in Bitcoin ETFs
As of November 12, 2024, total net capital inflow into spot Bitcoin ETFs in the US reached $817 million, marking a five-day streak of net inflows. BlackRock’s ETF, IBIT, stood out with an impressive $778 million net inflow in just one day, while Fidelity’s spot Bitcoin ETF attracted a net inflow of $37 million on the same day.
Interest in Ethereum ETFs Grows
Although not as substantial as the inflows to spot Bitcoin ETFs, spot Ethereum ETFs also performed positively on November 12, with a total of $135 million in inflows. The majority of this inflow, $131 million, came from BlackRock’s spot Ethereum ETF, while Grayscale’s spot Ethereum ETF experienced an outflow of $33 million on the same day, presenting a balanced view of investor interest in the space.
Continuous Increase in Institutional Interest
Recent figures regarding spot Bitcoin and Ethereum ETFs clearly indicate a rising interest among institutional investors in cryptocurrencies. The consistent net capital flow into spot ETFs suggests ongoing institutional support in the market. The substantial investments into Bitcoin and Ethereum ETFs illustrate the growing acceptance of cryptocurrencies within traditional financial markets. This trend could significantly impact the cryptocurrency market in the long term, especially if major players like BlackRock maintain strong fund flows.
These developments continue to strengthen the role of BTC and ETH in the institutional investment world, signaling a potential new wave of growth in the sector driven by increased allocations from institutional funds.
