in the USA spot Bitcoin 
$63,953 ETFclosed the first trading day of the week with a strong performance. While there was a total inflow of $61 million into these ETFs, the highest inflows were into BlackRock and Fidelity’s funds. On the other hand, there was a significant outflow from Ark Invest and Bitwise ETFs. Spot Ethereum 
$2,634 Contrary to this trend, ETFs closed the day in minus.
BlackRock and Fidelity’s Funds Fueled Bitcoin
The most notable investment among spot Bitcoin ETFs is 72 million dollars BlackRockIt came from the fund of . BlackRock, the world’s largest asset management company, has managed to increase investors’ interest in the largest cryptocurrency. BlackRock’s ETF with $8 million inflow Fidelity‘s ETF followed.
The investments attracted by the funds issued by these two giant companies show that investor confidence and demand for spot Bitcoin ETFs in the USA are still strong.
On the other hand, Ark Invest And BitwiseThere was an outflow from ‘s spot Bitcoin ETFs. There was an outflow of $9 million from both ETFs. This situation is critical as it may indicate an increased risk perception in some segments of the cryptocurrency market. In particular, Ark Invest’s technology-focused investment strategy and Bitwise’s cryptocurrency-focused portfolio seem to be negatively affected by these outflows.
Negative Trend in Spot Ethereum ETFs
Overall positive trend in spot Bitcoin ETFs spot Ethereum ETFIt was not reflected in their . Spot Ethereum ETFs ended the day down $822,000. This situation reveals that investors’ interest in the altcoin king remains weaker compared to Bitcoin.
In general, it is seen that spot Bitcoin ETFs in the USA closed the first trading day of the week in plus, while spot Ethereum ETFs closed in minus with a weak performance. Investors continue to take positions according to this variable structure of the market. The activity in spot ETFs is followed carefully by investors as it gives important signals about the future of the cryptocurrency market.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
