As institutional demand for cryptocurrency exposure grows, spot Bitcoin and Ether exchange-traded funds are experiencing renewed flows.
This Friday spot Bitcoin is (BTCThe net flows into ETFs reached $642.35 Million, the fifth consecutive day of positive returns. according According to SoSoValue. The cumulative net flows now total $56,83 billion. Total net assets are at $153,18 billion. This is roughly 6.62 percent of Bitcoin’s market capitalization.
BlackRock IBIT was second with $264.71 millions. Fidelity FBTC took the lead with $315.18. The trading volume across all Bitcoin ETFs has topped $3.89 Billion. This indicates a robust market and increasing institutional positioning. IBIT, FBTC and other market leaders have posted gains daily of more than 2%.
After a relatively quiet start to the year, the uptick in the market suggests a new mood as macroeconomic conditions improve and crypto markets show signs of growth.
Related: Ether ETF inflows, explained: What they mean for traders
Ether ETFs attracted $405 Million
Spot EtherETHThe ETFs have also been gaining, with a net daily flow of $405,55 million on that same day. This is their fourth straight day. The total Ether ETF assets are now at $30.35 Billion, and the inflows to Ether ETFs has reached $13,36 Billion.
BlackRock ETHA, which is a product of Fidelity, brought in $168.23 millions, and Fidelity FETH, with $165.56. On Friday, the value of ETHA traded was over $1.86bn.
“Bitcoin and Ethereum spot ETFs keep seeing strong inflows, showing rising institutional confidence,” Vincent Liu is the chief investment officer at Kronos Research in Taiwan, and he spoke to Cointelegraph.
“If macro conditions hold, this surge could strengthen liquidity and drive momentum for both assets,” Liu added.
Related: Spot Bitcoin ETFs see strong demand as crypto market tops $4T again
BlackRock eyes ETF tokenization
BlackRock, according to reports is an investment firm. exploring the tokenization of ETFs The asset management giant is interested in tokenizing funds tied to Bitcoin after the success of their spot Bitcoin ETFs. The Asset Management giant has a particular interest in tokenizing assets tied to Bitcoin. real-world assets (RWA)Though regulatory hurdles remain an important obstacle.
Tokenized exchange-traded funds could provide new features such as 24 hour trading, integration into systems and 24/7 trading. decentralized finance (DeFi) ecosystems.
Magazine: Can Robinhood or Kraken’s tokenized stocks ever be truly decentralized?
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: cointelegraph.com
