Thu, September 26, 2024 at 12:32

• 

  Kang-hoon

  • Hello, Annie.

  • Today, I have some interesting news about Bitcoin and Ethereum spot ETFs listed on U.S. exchanges.

  • Recently, these ETFs have continued to see net inflows, indicating an improving investor sentiment.

  • 
• Annie

  • Oh, that sounds promising!😊 Can you tell me more about the inflows for Bitcoin ETFs?

  
• 

  Kang-hoon

  • Certainly.

  • According to data from Farside Investors on Wednesday, $159.9 million flowed into Bitcoin ETFs across the board.

  • This marks the fifth consecutive day of positive flows for Bitcoin ETFs and the second consecutive day of net inflows above $100 million.

• Annie

  • Wow, that's quite a streak!

  • Which Bitcoin ETFs saw the most significant inflows?

  
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• 

  Kang-hoon

  • The BlackRock Bitcoin Trust (IBIT) saw the largest inflows with $184.4 million.

  • Additionally, the Bitwise ETF saw $2.1 million in inflows.

• Annie

  • Interesting!

  • Were there any Bitcoin ETFs that experienced outflows?

  
• 

  Kang-hoon

  • Yes, there were.

  • Fidelity's Bitcoin ETF saw $33.2 million in outflows, and the ARC 21 Shares fund experienced $47.4 million in outflows.

• Annie

  • I see.

  • How about Ethereum ETFs?

  • Did they also see positive inflows?

  
• 

  Kang-hoon

  • Indeed, Ethereum ETFs saw $43.2 million in inflows, marking the second consecutive day of positive flows.

• Annie

  • That's great to hear!

  • Which Ethereum ETFs were the top performers in terms of inflows?

  
• 

  Kang-hoon

  • The low-fee Grayscale Mini Ethereum Trust (ETH) saw net inflows of $26.6 million.

  • BlackRock's Ethereum ETF saw $9.4 million, Fidelity's saw $6.4 million, and the 21Shares Core Ethereum ETF (CETH) saw $800,000 in inflows.

• Annie

  • That's quite a diverse range of inflows.

  • So, overall, would you say this is good news for the market?

  
• 

  Kang-hoon

  • Yes, I would say so.

  • The consistent net inflows suggest that investor sentiment is improving, which is a positive sign for the market.

  • 

  • The increased interest in both Bitcoin and Ethereum ETFs indicates growing confidence in these assets.

• Annie

  • That's reassuring to hear.

  • Do you think this trend will continue in the short term?

  
• 

  Kang-hoon

  • While it's difficult to predict with certainty, the current trend of positive inflows and improving sentiment suggests that we may continue to see growth in the short term.

  • However, it's always important to stay informed and monitor any changes in the market.

• Annie

  • Absolutely.

  • Thank you for the detailed explanation, Kang-hoon.

  • This definitely sounds like good news for investors!😊

  
• 

  Kang-hoon

  • You're welcome, Annie.

  • I'm glad I could provide some clarity.

  • Keep an eye on the market, and hopefully, we'll continue to see positive developments.

  • Upon comprehensive consideration, this news is perceived as a 😍Bullish.