Bitcoin While it has begun to be known as the gold of the digital age, investors’ interest in this cryptocurrency is increasing day by day. Spot Bitcoin ETFs in particular have been experiencing net inflows for eight days straight. The positive atmosphere is considered an important sign that strengthens Bitcoin’s place in the financial market. On Monday, these funds provided a significant net inflow of $202.51 million.
BlackRock’s IBIT Fund Sees Huge Inflow
The largest source of these flows was BlackRock’s IBIT fund. BlackRock’s IBIT fund alone attracted attention with an inflow of $224.06 million. Other funds also continued to experience positive flows, albeit in smaller amounts. Franklin Templeton’s EZBC fund recorded a net inflow of $5.52 million and WisdomTree’s BTCW fund recorded a net inflow of $5 million. A Prize Pool Worth 21 Million TL Awaits You from BinanceTR! Participating and winning has never been easier.. You can sign up to BinanceTR from this link. Get your first crypto!
However, not every fund has benefited from this positive trend. Bitwise’s BITB fund saw net outflows of $16.61 million. Fidelity’s FBTC and VanEck’s HODL funds also saw outflows of $8.33 million and $7.18 million, respectively, suggesting that interest in Bitcoin is not evenly distributed across all funds.
Bitcoin ETF trading volume remained at $1.2 billion on Monday. Last Friday, this volume was recorded at $3.12 billion, meaning the trading volume has returned to its previous levels. Since January, Bitcoin ETFs have seen a total net inflow of $18.08 billion.
Ethereum ETFs Behaved Differently
On the other hand, Ether ETFs are not painting the same positive picture. Facing negative flows for eight days in a row, Ethereum appears to have lost the interest of investors. On Monday Ethereum Its ETFs saw net outflows totaling $13.23 million, with Grayscale’s ETHE fund leading the way with outflows of $9.52 million, while other funds similarly struggled with negative flows.
Bitcoin fell by 1.54% in the last 24 hours to $63,077, while Ethereum was trading at $2,689 with a loss of 2.26%. This situation clearly showed that Bitcoin attracted more attention than Ethereum and that investors preferred Bitcoin.
As volatility continues in the cryptocurrency market, Bitcoin’s strong stance and Ethereum’s weakening performance may cause investors to reconsider their strategies.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
