Spot ETF News: Bitcoin and Ethereum ETFs See Significant Inflows

Spot ETF News: Bitcoin and Ethereum Gaining Investors Interest

Bitcoin Spot ETFs Surge with Significant Inflows

On December 10, Bitcoin spot ETFs witnessed a remarkable total net inflow of $440 million, marking the ninth consecutive day of net inflows. This influx was primarily driven by BlackRock’s ETF IBIT, which saw an impressive daily net inflow of $296 million, and Fidelity’s ETF FBTC, which garnered $210 million per day.

Source: SoSoValue

Key metrics as of December 10 include a daily total net inflow of $439.56 million, bringing the cumulative total net inflow to a staggering $34.35 billion. The total value traded reached $3.78 billion, with total net assets amounting to $107.76 billion. This figure represents 5.65% of Bitcoin's market cap. At the time of writing, Bitcoin (BTC) was trading at $97,837.87, experiencing a modest intraday surge of 0.36%. The market cap stood at $1.93 trillion, with a 24-hour trading volume of $97.58 billion.

Ethereum Spot ETFs Maintain Steady Growth

Ethereum spot ETFs also displayed strong performance on December 10, with a total net inflow of $305.74 million, continuing a 12-day streak of net inflows. Fidelity’s ETF FETH led the way with a daily net inflow of $202 million, followed by BlackRock’s ETF ETHA with $81.6574 million per day.

Source: SoSoValue

Key metrics for Ethereum as of December 10 include a daily total net inflow of $305.74 million, culminating in a cumulative total net inflow of $1.87 billion. The total value traded was $778.96 million, with total net assets reaching $12.46 billion, which is 2.84% of Ethereum's market cap. At press time, Ethereum (ETH) was priced at $3,687.78, reflecting a 1.61% drop within the day. The market cap was recorded at $444.53 billion, with a 24-hour trading volume of $51.42 billion.

Market Implications and Investor Sentiment

The significant inflows into both Bitcoin and Ethereum spot ETFs highlight growing investor confidence and interest in these digital assets. The steady net inflows for consecutive days underscore the increasing adoption of cryptocurrencies in mainstream financial markets. Investors continue to monitor these trends, as the inflows could signal broader market movements and potential price adjustments in the near future.