- BlackRock’s Bitcoin ETF led with a $315M inflow, boosting its total BTC holdings to 433,713, valued at $30.19B.
- Ethereum ETFs saw a net inflow of 19,064 ETH, with iShares adding $49.4M worth, raising total holdings to 466,275 ETH.
- Combined Bitcoin and Ethereum ETFs experienced strong inflows, reflecting increased investor interest in cryptocurrency ETFs.
On November 1, Bitcoin and Ethereum ETNs witnessed huge inflows which testify investor trust and appetite in such products. From the analysis of the data, it becomes apparent that there are quite differentiated trends of asset flow with the primary ETFs and leading firms such as BlackRock.
Bitcoin ETFs: Strong Inflows Mark Positive Momentum
The report disclosed that among the 10 main Bitcoin ETFs, the overall number has a net inflow of 1,115 BTC with a value of roughly $77,620,000. Such a positive change indicates that more investor attention is shifting back towards Bitcoin ETFs due to constant volatile markets. It is crucial to mention that the top realized gross amount was achieved by the iShares by BlackRock with an inflow of 4,528 BTC, or $315,170,000. These assets boosted iShares’ total investments to 433,713 BTC equivalent to about $30.19 billion.
Same as with other kinds of Bitcoin ETFs, the latter saw inflows but their numbers were not nearly as high. For instance, the ARK 21 Shares Bitcoin ETF received 1,338 BTC over the week, which brought the balance a positive inflow. However, for example, the Fidelity Wise Origin Bitcoin Fund observed 1,071 BTC net outflow within 7 days, which implies the diversification of investment patterns.
Read CRYPTONEWSLAND on
google news
Ethereum ETFs: Noticeable Growth in Inflows
It also noted the inflows to the Ethereum ETF market. Nine major Ethereum ETFs witnessed a collective net inflow of 19,064 ETH, which in today’s value of around 47,830,140 USD. Similarly, BlackRock’s iShares Ethereum ETF can be distinguished by the inflow of 19,691 ETH, or $49.4 million. This edged up its holdings to 466,275 ETH, or $1.17 billion in total value.The Ethereum based trust operated by Grayscale recorded a minor outflow of 100 ETH in the last one day but currently controls a huge amount of 1.59 million ETHs. The Fidelity Ethereum fund was performing smoothly and even bought 4,000 ETH during the week.
Crypto News Land, also abbreviated as “CNL”, is an independent media entity – we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
