Bitcoin and Ethereum spot exchange-traded funds (ETFs) have maintained steady inflows over the past two weeks, underscoring a surge in investor interest. Bitcoin remains a focal point as its price hovers near the $100,000 mark.
Bitcoin Spot ETFs Record 15 Days of Consecutive Inflows
On Wednesday, Bitcoin spot ETFs reported a net inflow of $275 million, marking 15 straight days of positive momentum. BlackRock’s IBIT ETF emerged as the top performer, capturing $360 million in net inflows, as per data from Sosovalue.
“On December 18, Bitcoin spot ETFs recorded total net inflows of $275 million, extending their streak of consecutive inflows to 15 days. BlackRock’s IBIT ETF alone secured a net inflow of $360 million,” noted Wu Blockchain on December 19, 2024.
Ethereum Spot ETFs Achieve 18 Days of Positive Trends
Ethereum spot ETFs also showcased significant growth, attracting substantial capital inflows. On Wednesday, these ETFs recorded $2.45 million in net inflows, marking 18 consecutive days of gains.
BlackRock’s ETHA ETF led the pack with an $81.9 million inflow, emphasizing Ethereum’s appeal as the second-largest cryptocurrency by market capitalization. Additional contributors to Ethereum’s ETF success include Grayscale’s ETH and Fidelity’s FETH, further cementing its pivotal role in crypto investments.
“On December 18, Ethereum spot ETFs recorded $2.4513 million in total net inflows, with BlackRock’s ETHA ETF accounting for $81.9069 million,” reported Wu Blockchain.
Temporary Market Dip Amid Sustained ETF Momentum
Despite the robust inflows into Bitcoin and Ethereum spot ETFs, the broader cryptocurrency market experienced a brief setback on Wednesday. Bitcoin’s price momentarily dipped below $100,000, contributing to a 4% decline in the global cryptocurrency market capitalization, which settled at $3.84 trillion.
However, Bitcoin swiftly recovered, trading around $101,800 on Thursday, showcasing resilience amidst market fluctuations.
Institutional Participation Drives Broader Crypto Adoption
The continuous inflows into Bitcoin and Ethereum spot ETFs reflect growing confidence in cryptocurrency as a reliable investment option. Major players such as BlackRock, Grayscale, and Fidelity continue to attract significant capital, highlighting the increasing involvement of institutional investors.
These steady inflows also underscore the broader adoption of crypto-based financial products. Spot ETFs provide both retail and institutional investors with an accessible means to gain exposure to digital assets without requiring direct ownership. This trend signifies a transformative shift in how investors engage with cryptocurrencies, paving the way for long-term growth and stability.
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