Ethereum ETFs See Negative Returns Again\u00a0<\/strong><\/h2>\nIn other news, the struggles of the spot Ethereum ETF market persist, which saw total outflows of $24.45 million over the past week, marking their 11th week of negative returns since debuting on July 26. <\/span>Total net assets for these Ethereum ETFs currently stand at $6.82 billion but with a cumulative total net outflows of $504.44 million.<\/span><\/p>\nAt press time, Bitcoin and Ethereum traded respectively at $67,077 and $2,484 following a minor decline in both assets in the past day.<\/p>\nBTC trading at $67,071 on the daily chart | Source:\u00a0 BTCUSDT chart on Tradingview<\/figcaption><\/figure>\nFeatured image from\u00a0 StormGain, chart from Tradingview<\/em><\/div>\n","protected":false},"excerpt":{"rendered":"The US-based spot Bitcoin ETFs has produced another impressive performance in the past week recording nearly $1 billion in total inflows. Meanwhile, the spot Ethereum ETFs have struggled to maintain a positive form with outflows dominating the market in the same period. Related Reading: Bitcoin Retail lnvestors Remain Cautious Despite Price Gain \u2013 Details Spot Bitcoin ETFs Attract $3 Billion In 11 Days Following a splendid performance in October\u2019s third week during which the Spot Bitcoin ETFs registered $2.18 billion in market inflows, these institutional funds retained investors’ interest the following week evidenced by a total weekly inflow of $997.70 million.\u00a0 According to data from ETF tracking site SoSoValue, the Spot Bitcoin ETFs recorded a positive netflow on all weekdays except Tuesday, October 22nd, where they experienced $79.09 million in outflows.\u00a0 Meanwhile, the largest inflows came on Friday, October 25, valued at $402.08 million.\u00a0 Of this figure, The dominant BlackRock\u2019s IBIT attracted $291.96 million as its cumulative net inflows moved to $23.99 billion.\u00a0 In a similar fashion, Fidelity\u2019s FBTC emerged in second place recording $56.95 million inflows, while $33.37 million was invested in Ark & 21 Shares\u2019s ARKB. Other ETFs that contributed to Friday\u2019s gain include Bitwise\u2019s BITB, Grayscale\u2019s BTC, and VanEck\u2019s HODL with respective inflows of $2.55 million, $5.92 million, and $11.34 million.\u00a0 Interestingly, these positive net flows recorded on Friday mean the spot Bitcoin ETFs have now recorded over $3 billion in inflows in the last eleven trading days.\u00a0 Commenting on this development, popular crypto analyst Micha\u00ebl van de Poppe shared the general excitement of the crypto community as such massive inflows indicate significant institutional interest in Bitcoin.\u00a0 Van de Poppe said:\u00a0 The #Bitcoin ETF has seen an inflow of more than 3 Billion US Dollars since October 10th. 3 Billion US Dollars. That’s a strong sign that we’re about to see the big breakout for #Bitcoin to $100K. As of now, cumulative total net inflows for the Spot Bitcoin ETFs now stand at $21.93 billion, with their total net assets now valued at $65.25 billion which represents 4.93% of Bitcoin market shares. Related Reading: Bitcoin Price To Go \u2018Vertical\u2019 Towards $200,000 As Crypto Analyst Points Out Massive Cup And Handle Pattern Ethereum ETFs See Negative Returns Again\u00a0 In other news, the struggles of the spot Ethereum ETF market persist, which saw total outflows of $24.45 million over the past week, marking their 11th week of negative returns since debuting on July 26. Total net assets for these Ethereum ETFs currently stand at $6.82 billion but with a cumulative total net outflows of $504.44 million. At press time, Bitcoin and Ethereum traded respectively at $67,077 and $2,484 following a minor decline in both assets in the past day. Featured image from\u00a0 StormGain, chart from Tradingview<\/p>\n","protected":false},"author":581,"featured_media":650104,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651],"tags":[7720,78790,78803,2029,89583,91198],"class_list":["post-650102","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-blackrock","tag-btcusdt","tag-ethusdt","tag-fidelity","tag-spot-bitcoin-etfs","tag-spot-ethereum-etfs"],"acf":[],"yoast_head":"\n
Spot Bitcoin ETFs Attract Nearly $1 Billion Inflows To Mark 3-Week Positive Streak- Details<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n