{"id":4247,"date":"2024-12-15T13:01:44","date_gmt":"2024-12-15T13:01:44","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=4247"},"modified":"2024-12-15T13:01:44","modified_gmt":"2024-12-15T13:01:44","slug":"bitcoin-and-ethereum-etfs-continue-positive-inflow-streaks-details","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=4247","title":{"rendered":"Bitcoin And Ethereum ETFs Continue Positive Inflow Streaks \u2014 Details"},"content":{"rendered":"
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Following the approval of the US-based spot Bitcoin exchange-traded funds (ETFs)<\/a> in January 2024, the crypto crowd felt it was only a matter of time before other similar products received the green light. Barely six months after the BTC ETF trading debuted, the Ethereum exchange-traded funds were also launched in the United States.<\/p>\n

While the Bitcoin ETFs got off to a strong start at the beginning of the year, their Ethereum counterparts had quite a shaky beginning after launch. However, it appears that both the BTC and the ETH exchange-traded funds have piqued the interest of investors in the United States.<\/p>\n

Bitcoin ETFs Record 12th Straight Day Of Positive Inflows<\/strong><\/h2>\n

According to the latest market data from SoSoValue<\/a>, the US-based spot Bitcoin ETFs registered a total net inflow of $429 million on Friday, December 13. This marked the 12th consecutive day the crypto products have experienced a net capital inflow.<\/p>\n

Unsurprisingly, BlackRock\u2019s iShares Bitcoin Trust (with the ticker IBIT) was responsible for a significant portion of Friday\u2019s capital influx. The leading BTC exchange-traded fund added more than $393 million in value to close the week.<\/p>\n

Fidelity\u2019s FBTC came in second with nearly $60 million capital inflow, followed by Bitwise\u2019s BITB $33.2 million influx. Ark & 21Shares\u2019 ARKB and VanEck\u2019s HODL also registered $28.41 and $8.62 million, respectively.<\/p>\n

\"Bitcoin<\/p>\n

It is worth mentioning that Grayscale\u2019s GBTC was the only fund that recorded an outflow, with $105.76 million withdrawn on the day. Nevertheless, the $428 million single-day performance brought the Bitcoin ETFs\u2019 weekly record to $2.17 billion.<\/p>\n

As of this writing, BTC is valued<\/a> at around $101,367, with no significant change in the last 24 hours. According to CoinGecko data, the premier cryptocurrency is up by about 2% in the past week.<\/p>\n

Ethereum ETFs Set New Weekly Inflow Record<\/strong><\/h2>\n

Meanwhile, the US-based spot Ethereum ETFs recorded a total net influx of $23.6 million on Friday, representing the funds\u2019 15th straight day of positive inflows. BlackRock\u2019s Ethereum Fund (with the ticker ETHA) led the pack with a single-day inflow of $9.5069 million.<\/p>\n

While none of the Ethereum exchange-traded funds<\/a> registered an outflow on Friday, only two other products (besides BlackRock\u2019s) saw capital inflows on the day. Grayscale\u2019s ETHE and Fidelity\u2019s FETH added $7.24 million and $6.86 million, respectively.<\/p>\n

Interestingly, this single-day performance paled in comparison to other days in the week, where the Ethereum ETFs recorded $854.85 million. However, it was enough to push the crypto products to a new weekly inflow record.<\/p>\n

The continuous influx of capital into the Ethereum ETF market is a testament to the growing ETH demand, which has been reflected in the price. As of this writing, the price of Ethereum<\/a> stands at around $3,870, reflecting an almost 1% decline in the past 24 hours.<\/p>\n

\"Bitcoin\"<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Following the approval of the US-based spot Bitcoin exchange-traded funds (ETFs) in January 2024, the crypto crowd felt it was only a matter of time before other similar products received the green light. Barely six months after the BTC ETF trading debuted, the Ethereum exchange-traded funds were also launched in the United States. While the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-4247","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/4247","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4247"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/4247\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4247"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4247"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4247"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}