Spot Bitcoin ETFs have garnered $2.11 billion in net inflows over the past five trading days, showcasing continued strong interest in Bitcoin as an asset class. According to SoSo Value data, daily inflows on October 17 alone reached $470.48 million, bringing the total inflows for Bitcoin ETFs to a record $20.66 billion.
BlackRock Dominates with Largest Inflows
Leading the charge, BlackRock’s Bitcoin ETF (IBIT), trading on NASDAQ, attracted a significant $309 million in net inflows on October 17, making it the largest contributor to the daily total. The fund now manages $25.79 billion in net assets, cementing its position as a dominant player in the Bitcoin ETF market.
Other notable inflows came from Grayscale’s Bitcoin Trust (GBTC), which recorded a smaller inflow of $45.7 million. Despite the recent inflows, GBTC has seen cumulative outflows totaling $20.10 billion. Meanwhile, Fidelity’s Bitcoin ETF (FBTC), listed on CBOE, added $11.69 million to its net inflows, bringing its total net assets to $10.29 billion.
Ethereum ETFs Gain Traction
Interest in Ethereum ETFs has also picked up, with daily inflows totaling $48.41 million across various funds. BlackRock’s Ethereum ETF (ETHA) on NASDAQ stood out with a $23.56 million net inflow, while Grayscale’s Ethereum Trust (ETHE) on the NYSE saw $5.13 million in inflows, increasing its total net assets to $1.02 billion.
Fidelity’s Ethereum ETF (FETH), listed on CBOE, recorded $31.12 million in inflows, contributing to its growing cumulative total of $498.02 million. However, Ethereum ETFs still show an overall negative net inflow of -$481.9 million.
U.S. Investors Show Increased Interest in Crypto ETFs
A recent survey by Charles Schwab revealed that nearly 45% of U.S. investors plan to invest in crypto ETFs in the coming year, up from 38% last year. The survey also noted that crypto interest now surpasses demand for bonds and alternative assets, with only U.S. equities ranking higher at 55%.
Notably, millennial ETF investors exhibited the highest interest in crypto, with 62% intending to invest in the sector, while baby boomers showed significantly less interest, with just 15% planning to allocate funds to digital assets.
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