According to data from SoSo Value, the funds saw a daily net inflow of $470.48 million on October 17 alone. The accumulated activity then took total receipts to a record of $20.66 billion.
BlackRock leads in terms of inflows
The NASDAQ-listed BlackRock Bitcoin ETF (IBIT) attracted net inflows of $309 million on October 17, making it one of the largest contributors to total daily inflows for Bitcoin ETFs. The BlackRock ETF is a major player in the Bitcoin ETF space, with total net assets of $25.79 billion.
Other key ETFs, such as Grayscale Bitcoin Trust (GBTC), saw a smaller net inflow of $45.7 million on the same day, despite having a cumulative outflow of $20.10 billion in total.
The Fidelity Bitcoin ETF (FBTC), listed on CBOE, also recorded $11.69 million in net inflows, contributing to its cumulative total of $10.29 billion in net assets.
lEthereum ETFs
Ethereum instruments recorded a daily net inflow of $48.41 millionindicating a resurgence of investor interest in the asset.
The BlackRock Ethereum ETF (ETHA), traded on NASDAQ, stood out with a net inflow of $23.56 million. The NYSE-listed Grayscale Ethereum Trust (ETHE) saw a smaller but significant net inflow of $5.13 million, bringing its total net assets to $1.02 billion.
Fidelity Ethereum ETF (FETH), listed on CBOE, attracted an impressive net inflow of $31.12 million, contributing to its growing cumulative inflows of $498.02 million.
Despite these inflows, the accumulated net flow in Ethereum ETFs remains negative, standing at -$481.9 million. Grayscale’s second listing for Ethereum, ETHE, showed a net outflow of $15.74 million on October 17.
However, total net assets in Ethereum ETFs amounted to $7.18 billion, representing 2.3% of Ethereum’s total market capitalization.
Almost half of US investors plan to invest in cryptocurrency ETFs
A recent survey commissioned by financial services giant Charles Schwab revealed that American investors are showing increasing interest in ETFs containing cryptocurrencies.
The survey found that 45% of respondents plan to invest in crypto through ETFs in the next year, an increase from 38% the previous year. Growing interest in cryptocurrencies has outpaced demand for bonds and alternative assets, with only US stocks ranking higher, with 55% of participants indicating they plan to invest in stocks.
Millennial ETF investors showed even greater enthusiasm for cryptocurrencies, with 62% of them allocating funds to the sector, compared to 48% for US stocks, 47% for bonds and 46% for assets real as raw materials.
In contrast, baby boomer ETF investors demonstrated significantly less interest in digital assets, with only 15% planning to invest in them.
“It’s pretty surprising,” Eric Balchunas, senior ETF analyst at Bloomberg Intelligence, said of cryptocurrencies’ high ranking in investment plans reflected in the survey.
Source: Ambito
