In the dynamic world of cryptocurrency, the prices of exchanges change daily. Likewise, the 12 U.S. spot Bitcoin Exchange-traded Funds (ETFs) set recorded on Tuesday saw daily net inflows of $870.1 Million, which is the highest increase in five months.
According to Farside data, the US spot Bitcoin ETFs had $870.1 Million (almost one billion) in net inflows on October 29, which is the second largest inflows since March. BlackRock’s iShares Bitcoin Trust (IBIT) led this surge and booked $642.9 million.
Fidelity FBTC had a $133.86 million net inflow, while VanEck’s HODL saw $16.52 million in inflows. Bitwise’s BITB experienced inflows of $52.49 million, and 21Shares’ ARKB logged inflows of $12.39 million. The five other spot bitcoin ETFs had zero flows. The 12 ETFs’ total trading volume increased by $4.75 billion yesterday, up from $3 billion on Monday.
According to coinmarketcap, bitcoin price increased 1.12% over the past 24 hours trading at $72,182.03, after reaching a high of around $73,200 on Tuesday. Today BTC Market cap increased by 1.04% and reached $1.43T.
US ETH ETF Saw Positive Flow
On Tuesday, the U.S. spot Ethereum ETFs had a $7.6 million net daily inflows. Blackrock ETHA saw a $13.6 million net inflows. Grayscale ETHE logged a $6 million daily net outflow while the other 7 ETFs had zero Flow.
The total net asset value of the Ethereum spot ETF is US$7.26 billion, and the market value of the ETF’s net assets accounts for 2.30%% of the total market value of Ethereum. The ETH ETF total net inflow is $497.92 million, significantly less than the Bitcoin inflow.
Today Ethereum’s price surged 1.80% over the past 24 hours trading at $2,667.95, according to the Coinlen.com price page. Ethereum market cap increased by 1.72% and reached $321.36B. Ethereum price is less than Bitcoin price due to investor interest.
Related Reading | U.S Spot Bitcoin ETF Experienced $479.4 Million Net Inflow On 28 October
