The Bitcoin Exchange-Traded Funds (ETFs) market in the United States has recorded its eighth consecutive day of net inflows, reaching a cumulative value of $2.4 billion. BlackRock’s IBIT fund is leading this movement with a notable inflow of $278.9 million, while Fidelity’s FBTC has also experienced significant gains with an influx of $104.4 million. Contrary to this positive trend, Grayscale’s GBTC has seen a net outflow of $16.4 million. Spot Ethereum ETFs are currently lagging, contributing only a modest $19.1 million net inflow. Analysts attribute the contrasting dynamics between Bitcoin and Ethereum ETFs to prevailing macroeconomic uncertainties and a deficiency of catalysts in the market.
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