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"ETF Market Seesaws: Bitcoin and Ethereum ETFs Lead the Charge"

Trend

The trend over the last seven weeks shows a fluctuating pattern in ETF movements. This week saw a positive flow of $15 million, contrasting with last week's negative flow of $15 million. In the previous weeks, we observed flows of +12M, +3M, +3M, -15M, and -15M. The current week suggests a recovery phase after a significant decline, aligning with the news of Bitcoin ETFs experiencing a notable shift in performance. The broader market situation remains volatile, influenced by macroeconomic factors like the Federal Reserve's hawkish stance and the nascent stage of corporate crypto adoption. Investors are navigating through a complex landscape where mainstream adoption of Bitcoin ETFs, especially with the launch of VanEck's Bitcoin ETF in Australia, plays a crucial role. This week’s positive flow signals a potential stabilization phase, though investor sentiment remains cautious.

Biggest Gainer

IBIT $45M

Biggest Loser

FBTC $5M

Day with the Highest Inflow

On Monday, the ETF market recorded the highest inflow, totaling USD 400 million. Detailed ETF movements on this day include:

  • IBIT: +$50M (Issued by BlackRock)
  • FBTC: +$5M (The Fidelity Wise Origin Bitcoin Fund, Issued by Fidelity)
  • BITB: +$15M (Bitwise Bitcoin ETF, Issued by Bitwise Asset Management, Inc.)
  • ARKB: +$25M (Issued by ARK Investment Management LP)
  • BTCO: +$45M, -$5M (Invesco Galaxy Bitcoin ETF, Issued in collaboration of Invesco and Galaxy)
  • EZBC: -$75M (Franklin Bitcoin ETF, Issued by Franklin Templeton Investments)
  • BRRR: +$25M (Valkyrie Bitcoin Fund, Issued by Valkyrie Funds)
  • HODL: -$55M
  • BTCW: -$75M
  • GBTC: +$52M (Issued by Digital Currency Group, Inc. - Grayscale)
  • IBIT: +$51M (Issued by BlackRock)
  • FETH: +$25M (Issued by Fidelity)
  • ETHW: +$35M (Issued by Bitwise)
  • CETH: -$45M (Issued by 21 Shares)
  • ETHV: -$55M (Issued by VanEck)
  • QETH: -$65M (Issued by Invesco)
  • EZET: +$57M (Issued by Franklin)
  • ETHE: -$15M (Issued by Grayscale)
  • ETH: +$35M (Issued by Grayscale)

These movements reflect a broad-based interest in both Bitcoin and Ethereum ETFs, with significant inflows into IBIT, GBTC, and EZET. The fluctuations in BTCO, EZBC, HODL, and BTCW highlight the dynamic nature of investor sentiment. The positive changes signify confidence in major ETFs, whereas the negative movements suggest caution and reevaluation of positions. This mixed activity mirrors broader market trends and investor sentiment, driven by the recent launch of Bitcoin ETFs in Australia, the Federal Reserve's policies, and ongoing speculation about Ethereum ETFs.

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