#US ETFs saw inflows of over 60,000 ETH.#
Hot Topic Overview
Overview
Recent inflows into BTC and ETH ETFs in the US market have been robust, with Ethereum ETFs seeing particularly strong inflows. On January 17th, net inflows into Ethereum ETFs amounted to 56,608 ETH, exceeding the 7,222 BTC flowing into Bitcoin ETFs. This is primarily driven by investor optimism about the upcoming Shanghai upgrade, as well as continued buying by institutions like BlackRock and Fidelity. Although there were outflows in the previous few days, the strong inflows over the past two days have completely erased those outflows, suggesting that investor confidence in the cryptocurrency market is returning.
Ace Hot Topic Analysis
Analysis
In recent times, there has been a sustained increase in inflows into U.S. spot Bitcoin and Ethereum ETFs, with Ethereum ETFs seeing particularly strong inflows. On January 17, U.S. Bitcoin ETFs saw a net inflow of 7,222 BTC, while Ethereum ETFs witnessed a net inflow of 56,608 ETH, marking a new high in recent times. This surge is primarily attributed to market optimism surrounding the U.S. power transition and the continued buying activity from institutional investors like BlackRock. BlackRock increased its holdings by 5,253 BTC and 33,314 ETH within the past 24 hours, demonstrating a strong buy appetite. Furthermore, institutions like Fidelity and ARK have also been adding to their BTC and ETH positions, driving ETF inflows. Despite recent price declines in Ethereum, the ETF inflows indicate that investors remain confident in the long-term value of Ethereum.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Spot Bitcoin and Ethereum ETF inflows continue to rise in the US, especially with large purchases from institutional investors like BlackRock, driving prices higher.
Investor sentiment is high, driving increased buying power, especially in the last few days before the transition of power, with FOMO sentiment being stronger.
Ethereum ETF inflows have increased significantly, but the price has fallen, contrasting with the situation of Bitcoin ETF, sparking market discussions.
The Ethereum Pectra upgrade is scheduled to go live on the mainnet in March, expected to have a positive impact on Ethereum price.