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US Spot Bitcoin Exchange Traded Funds (ETFs) Introductory Series Continues! Here Are the Latest Numbers

US Spot Bitcoin Exchange Traded Funds (ETFs) Introductory Series Continues! Here Are the Latest Numbers

BitcoinsistemiBitcoinsistemi2024/12/13 10:33
By:Utku Yanık

The crypto market continues to see strong activity in exchange-traded funds, with BTC and Ethereum ETFs recording significant inflows.

The cryptocurrency market continues to see strong activity in spot exchange-traded funds (ETFs), with Bitcoin and Ethereum ETFs recording significant inflows.

Bitcoin, Ethereum Spot ETFs See Record Inflows Amid Market Momentum

Bitcoin Spot ETFs surge with $598 million net inflows. Bitcoin spot ETFs witnessed a total of $598 million net inflows on Dec. 12, marking an 11-day consecutive inflow streak.

BlackRock’s Bitcoin ETF IBIT led the charge with single-day net inflows of $432 million, reflecting growing investor confidence and institutional adoption.

The cumulative net asset value (NAV) of Bitcoin spot ETFs has now reached a record high of $112.546 billion, further cementing their appeal in the market.

Ethereum Spot ETFs Extend Gains with $274 Million Net Inflows

Ethereum spot ETFs also attracted significant investment, with net inflows of $274 million on Dec. 12, marking a 14-day streak of uninterrupted inflows.

BlackRock’s Ethereum ETF ETHA recorded its largest single-day inflow of $202 million, underscoring the asset’s growing appeal to investors.

Grayscale’s Ethereum ETF ETH added $73.22 million in single-day inflows, underscoring its strong position in the market.

Continued inflows into both Bitcoin and Ethereum spot ETFs indicate a growing appetite for cryptocurrency interest among both retail and institutional investors.

Rising NAV and participation from major players such as BlackRock and Grayscale point to a maturing market with increasing legitimacy and investor confidence.

This momentum reflects broader trends in the digital asset space, including increased regulatory clarity, the adoption of cryptocurrencies as investment vehicles, and the continued appeal of decentralized assets in diversified portfolios.

*This is not investment advice.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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