Bulls March On: Bitcoin and Ether ETFs Add More Than $420 Million Combined
Emmanuel Musa
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Markets and Prices
Bulls March On: Bitcoin and Ether ETFs Add More Than $420 Million Combined
Bitcoin ETFs extended their winning streak to nine straight days, raking in $385 million even as some major funds posted outflows. Ether ETFs kept pace with their sixth consecutive inflow day, adding $38.77 million.
Bitcoin ETFs Defy Holiday Lull With $385 Million Inflow, Ether Funds Extend Streak
Not even Memorial Day could dampen the bullish momentum behind crypto exchange-traded funds (ETFs), as bitcoin ETFs notched their ninth consecutive day of inflows, hauling in $384.85 million.
Despite notable outflows from heavyweights like Ark 21Shares’ ARKB and Grayscale’s GBTC, Blackrock’s IBIT once again stole the spotlight, pulling in $409.26 million, reinforcing its dominance as the go-to ETF for institutional flows.
Bulls March On: Bitcoin and Ether ETFs Add More Than $420 Million Combined
Source: Sosovalue
Supporting the rally were Grayscale’s Bitcoin Mini Trust with $36.03 million, Vaneck’s HODL with $7.77 million, and Bitwise’s BITB with $1.79 million. Even with ARKB’s $38.34 million, GBTC’s $26.87 million, and Fidelity’s $4.79 million in outflows, the bulls had the upper hand. Total value traded hit a strong $3.90 billion, and total net assets climbed to $132.89 billion.
Meanwhile, ether ETFs kept their hot streak alive, marking the sixth straight day of inflows with a $38.77 million boost. Blackrock’s ETHA contributed the lion’s share at $32.48 million, followed by Fidelity’s FETH with $3.35 million and Vaneck’s ETHV with $2.95 million. With daily volume topping $613 million, ether ETF net assets closed at $9.59 billion.
The takeaway? Markets are embracing crypto ETFs with conviction, holiday or not.
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