BlackRock’sBitcoinETFledwitha$315Minflow,boostingitstotalBTCholdingsto433,713,valuedat$30.19B.
EthereumETFssawanetinflowof19,064ETH,withiSharesadding$49.4Mworth,raisingtotalholdingsto466,275ETH.
CombinedBitcoinandEthereumETFsexperiencedstronginflows,reflectingincreasedinvestorinterestincryptocurrencyETFs.
OnNovember1,BitcoinandEthereumETNswitnessedhugeinflowswhichtestifyinvestortrustandappetiteinsuchproducts.Fromtheanalysisofthedata,itbecomesapparentthattherearequitedifferentiatedtrendsofassetflowwiththeprimaryETFsandleadingfirmssuchasBlackRock.
Nov1Update:
10#BitcoinETFs
NetFlow:+1,115$BTC(+$77.62M)🟢#Blackrock(iShares)inflows4,528$BTC($315.17M)andcurrentlyholds433,713$BTC($30.19B).9#EthereumETFs
NetFlow:+19,064$ETH(+$47.83M)🟢#Blackrock(iShares)inflows19,691$ETH($49.4M)andcurrentlyholds…pic.twitter.com/XiCY3FrPtW—Lookonchain(@lookonchain)November1,2024
BitcoinETFs:StrongInflowsMarkPositiveMomentum
Thereportdisclosedthatamongthe10mainBitcoinETFs,theoverallnumberhasanetinflowof1,115BTCwithavalueofroughly$77,620,000.SuchapositivechangeindicatesthatmoreinvestorattentionisshiftingbacktowardsBitcoinETFsduetoconstantvolatilemarkets.ItiscrucialtomentionthatthetoprealizedgrossamountwasachievedbytheiSharesbyBlackRockwithaninflowof4,528BTC,or$315,170,000.TheseassetsboostediShares’totalinvestmentsto433,713BTCequivalenttoabout$30.19billion.
SameaswithotherkindsofBitcoinETFs,thelattersawinflowsbuttheirnumberswerenotnearlyashigh.Forinstance,theARK21SharesBitcoinETFreceived1,338BTCovertheweek,whichbroughtthebalanceapositiveinflow.However,forexample,theFidelityWiseOriginBitcoinFundobserved1,071BTCnetoutflowwithin7days,whichimpliesthediversificationofinvestmentpatterns.
EthereumETFs:NoticeableGrowthinInflows
ItalsonotedtheinflowstotheEthereumETFmarket.NinemajorEthereumETFswitnessedacollectivenetinflowof19,064ETH,whichintoday’svalueofaround47,830,140USD.Similarly,BlackRock’siSharesEthereumETFcanbedistinguishedbytheinflowof19,691ETH,or$49.4million.Thisedgedupitsholdingsto466,275ETH,or$1.17billionintotalvalue.TheEthereumbasedtrustoperatedbyGrayscalerecordedaminoroutflowof100ETHinthelastonedaybutcurrentlycontrolsahugeamountof1.59millionETHs.TheFidelityEthereumfundwasperformingsmoothlyandevenbought4,000ETHduringtheweek.
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