Bitcoin (BTC) and altcoins have recently been experiencing a positive trend, influenced by news of the ongoing ceasefire between the US and Iran.
While the BTC price fluctuates between $74,000 and $75,000, the positive sentiment continues in altcoins.
This positive market sentiment has also been reflected in US spot ETFs, with inflows being observed in ETFs.
According to Farside Investors data, US spot Bitcoin ETFs saw net inflows for the third consecutive day. On Thursday, ETFs recorded net inflows of $26.1 million.
BlackRock’s IBIT fund led Bitcoin ETF inflows with $81.7 million, followed by Grayscale’s BTC fund with $16.7 million and Morgan Stanley’s MSBT fund, which launched last week.
In contrast, Fidelity’s FBTC fund saw an outflow of $36 million, Ark Invest’s ARKB fund $27.4 million, and Grayscale’s GBTC fund $22.3 million.
Lastly, VanEck’s HODL fund, Bitwise’s BITB fund, Invesco’s BTCO fund, Franklin Templeton’s EZBC fund, Valkyre’s BRRR fund, and Wisdom Tree’s BTCW fund all recorded 0 flows.
Inflows Continue into Ethereum ETFs!
Ethereum (ETH) ETFs also saw inflows. According to Farside Investors data, spot Ethereum ETFs saw net inflows for the 6th consecutive day.
A total net inflow of $18 million was recorded.
According to the data, BlackRock’s ETHA fund led the inflows with $30.5 million, followed by Grayscale’s Mini Ethereum (ETH) fund with $6.7 million.
In contrast, Grayscale’s Ethereum Trust (ETHE) fund saw an outflow of $16.7 million and Bitwise’s ETHW fund saw an outflow of $2.5 million.
Lastly, Fidelity’s FETH fund; BlackRock’s ETHB fund; 21Shares’ TETH fund; VanEck’s ETHV fund; Invesco’s QETH fund; and Franklin Templeton’s EZET fund all recorded 0 flows.
Solana and XRP ETFs Also Experienced Net Inflows!
Demand for altcoin ETFs continued, just as it did for Bitcoin and Ethereum ETFs.
Accordingly, Solana (SOL) spot ETFs recorded a total net inflow of $15.5 million, while XRP spot ETFs recorded a net inflow of $11.8 million.
*This is not investment advice.
