The US-based spot Bitcoin ETFs experienced an impressive performance over the past week, amassing $2.1 billion in net inflows. This marks a significant achievement, driven by Monday's record-breaking $555.86 million inflow, the largest daily inflow since June.
Notably, BlackRock’s IBIT led the charge with $1.14 billion in investments, asserting its dominance as the largest spot Bitcoin ETF. Fidelity’s FBTC and Bitwise’s BITB also saw substantial investments.
Despite varying inflows, the cumulative total for these Bitcoin ETFs has reached $20.98 billion, demonstrating their role in encouraging Bitcoin adoption.
Concurrently, spot Ethereum ETFs have reported their third positive weekly inflow, amounting to $78.98 million, with BlackRock’s ETHA and Fidelity’s FETH leading the pack.
This inflow, while modest compared to Bitcoin’s, highlights ongoing interest in Ethereum ETFs as they hold 2.31% of the Ethereum market cap.
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