#Spot BTC ETF buying frenzy in the US#
Hot Topic Overview
Overview
Recently, there has been a significant influx of capital into the US spot Bitcoin and Ethereum ETF markets. Bitcoin spot ETFs saw net inflows of $626 million, while Ethereum spot ETFs saw net inflows of $167 million. BlackRock's IBIT and ETHA, Bitcoin and Ethereum ETFs, respectively, saw the highest net inflows with $528 million and $111 million, respectively, on a single day. Notably, despite these inflows, Bitcoin prices have risen while Ethereum prices have fallen, a phenomenon that has sparked market interest.
Ace Hot Topic Analysis
Analysis
Recently, the U.S. spot Bitcoin and Ethereum ETF markets have witnessed significant inflows, with spot Bitcoin ETFs seeing net inflows of $626 million and spot Ethereum ETFs attracting $167 million. BlackRock's IBIT and ETHA, respectively, were the primary sources of inflows for Bitcoin and Ethereum spot ETFs, recording daily net inflows of $528 million and $111 million. Notably, Grayscale GBTC experienced an outflow of $70 million. Data shows a significant positive correlation between ETF inflows and Bitcoin prices, while Ethereum exhibits a phenomenon of inflows despite price declines, sparking heated discussions in the market.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
US spot BTC ETF market saw massive capital inflows, with a net inflow of $626 million on a single day. Among them, BlackRock ETF IBIT saw the most net inflow, reaching $528 million.
ETF capital inflows have a significant positive correlation with BTC prices, and can be used to automatically place orders based on capital flows through subscribing to indicators.
Grayscale GBTC experienced capital outflows, with an outflow of $70 million.
Ethereum spot ETFs also saw capital inflows, with a net inflow of $167 million on a single day. Among them, BlackRock ETF ETHA saw the most net inflow, reaching $111 million.