Spot Bitcoin ETFs had a net inflow of $893 million on the previous trading day, the second largest net inflow received by ETFs to date.
The sudden and sharp declines in Bitcoin yesterday were also reflected in ETFs, and Bitcoin ETFs experienced their lowest inflow in the last week.
According to data from Farside Investors, BlackRock saved the day in Bitcoin again, while four ETFs recorded zero inflows.
Only BlackRock’s IBIT and Valkyrie’s BRRR recorded positive inflows, while Fidelity’s FBTC, Ark 21 Shares’ ARKB, VanEck’s HODL, Bitwise’s BITB and Grayscale’s GBTC recorded net outflows.
At this point, BlackRock saved the day for BTC as it recorded an inflow of $318.8 million in Bitcoin.
Ethereum Experiences Its Highest Inflow in the Last 7 Days!
While there were net inflows in spot Ethereum ETFs, BlackRock was the one who saved the day for ETH. According to the data, only Blackrock's ETF experienced inflows in Ethereum ETFs. In contrast, Grayscale experienced a net outflow of $36.6 million, while the remaining 7 ETFs recorded zero inflows.
As a result, BlackRock recovered from the outflows in both BTC and ETH ETFs, while these figures were the lowest inflows for BTC in the last week. It was the highest inflows in the last 7 days for Bitcoin vs. ETH ETFs.
*This is not investment advice.