The U.S Spot Bitcoin exchange-traded fund made a record $479.35 million inflows on Yesterday, marking their significant inflows in two weeks. While Ethereum spot ETF saw a total net outflow of $1.1376 million on Monday.
According to Farside investors, this is the biggest net inflow in two weeks, with a glorious $479.35 million inflows entering into financial products. BlackRock’s IBIT, the largest spot Bitcoin ETF by net assets, led the net inflow with $315.19 million.
Meanwhile, Fidelity’s FBTC saw a $44.12 million inflow on Monday, while Ark and 21 shares’ ARKB experienced a $59.78 inflow. Bitwise’s BITB and Grayscale’s BTC also saw positive inflows, with $38.67 million and $21.59 million entering each product, respectively. Grayscale GBTC, VanEck HODL even 7 spot ETF had 0 Flows.
Bitcoin ETF Gains Market Momentum
On the other hand, Ethereum spot ETF saw a total net outflow of $1.1million yesterday. The farside data show that Ethereum saw $35 million in outflows last week, with month-to-date outflows of $12.2 million. Ethereum ETF has lost popularity day by day and investor interest has decreased. Ethereum ETF’s total inflow of $748 million, remarkably less than Bitcoin’s inflow.
Bitcoin traded increased 3.8% over the past 1 day at $71,078.33, with the first time achieving the highest level in June. Ethereum is the second Cryptocurrency by market cap traded at $2,616.51, according to the coinlen.com price page.
Stocks tied to crypto jumped in premarket trading after Bitcoin hit over $71,000, a five-month high. MicroStrategy, the biggest institutional Bitcoin holder, saw its stock rise 30% before the market opened. CEO Michael Saylor’s Bitcoin-buying strategy appears to be paying off, and Coinbase shares are also up by 2.6% as interest in Bitcoin grows.
Related Reading | Bitcoin Spot ETF Inflows Sees 402M On October 24, Led By BlackRock
