December 3, 2024 was another strong day for cryptocurrency spot exchange-traded funds (ETFs), with Bitcoin and Ethereum ETFs recording significant net inflows.
Inflows Continue to Bitcoin and Ethereum Spot ETFs as Investor Interest Grows
Total net inflows into Bitcoin spot ETFs reached $676 million on Dec. 3, marking the fourth consecutive day of positive inflows.
BlackRock's IBIT ETF continued its dominance in the market with daily inflows of $693 million.
Fidelity's FBTC ETF showed continued investor interest, with daily inflows of $52.17 million.
Ethereum ETFs Extend Their Growth Streak
Ethereum spot ETFs reported net inflows of $133 million on Dec. 3, marking an impressive seven-day streak of positive flows.
Fidelity's FETH ETF stood out with daily inflows of $73.72 million.
BlackRock's ETHA ETF followed with inflows of $65.29 million.
Continued inflows into Bitcoin and Ethereum spot ETFs highlight the growing confidence among institutional and retail investors in regulated crypto investment products. Both Bitcoin and Ethereum prices have trended higher, further fueling interest in these ETFs.
With BlackRock and Fidelity leading the market, analysts see these continued inflows as a sign of increasing mainstream adoption of cryptocurrencies through traditional financial instruments.
The steady growth in Bitcoin and Ethereum ETFs underscores their appeal as tools for exposure to the digital asset market.
*This is not investment advice.