US virtual asset spot ETFs saw a net inflow of KRW 2.56 trillion the previous day.

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Bitcoin saw an inflow of 1.7128 trillion won, Ethereum 847.5 billion won, and BlackRock's IBIT led the way with 1.7142 trillion won.

US Bitcoin Spot ETF Fund Inflow and Outflow Graph <br />Source: Trader T (X: @thepfund)
US Bitcoin spot ETF fund inflow and outflow graph
Source: Trader T (X: @thepfund)
The U.S. virtual asset spot exchange-traded fund (ETF) market saw a net inflow of $172.53 million (KRW 2.5603 trillion) on the previous day, indicating continued institutional investment demand.

According to TraderT monitoring, $115.42 million (KRW 1.7128 trillion) flowed into Bitcoin spot ETFs, and $57.11 million (KRW 847.5 billion) flowed into Ethereum spot ETFs.

BlackRock IBIT takes the overwhelming lead


In the Bitcoin ETF market, BlackRock's iShares Bitcoin Trust (IBIT) attracted the majority of total inflows, attracting $115.51 million (KRW 1.7142 trillion).

Fidelity's FBTC ranked second with $15.37 million (KRW 228.1 billion), followed by Grayscale Bitcoin Mini Trust with $5 million (KRW 74.2 billion).

Bitwise BITB, Ark Invest's ARKB, Invesco BTCO, Franklin EZBC, Valkyrie BRRR, and WisdomTree BTCW experienced no inflows or outflows.

Meanwhile, $4.49 million (KRW 66.6 billion) flowed out of VanEck HODL, and $15.97 million (KRW 237 billion) flowed out of Grayscale's existing GBTC.

Ethereum ETF: A Three-Way Battle Between BlackRock, Fidelity, and Grayscale


US Ethereum spot ETF fund inflow and outflow graph <br />Source: Trader T (X: @thepfund)
US Ethereum spot ETF fund inflow and outflow graph
Source: Trader T (X: @thepfund)

The Ethereum spot ETF recorded a net inflow of $57.11 million (KRW 847.5 billion).

Fidelity FETH led the Ethereum ETF market by attracting $19.13 million (KRW 283.9 billion), followed by Grayscale Ethereum Mini Trust with $19.08 million (KRW 283.1 billion) and BlackRock ETHA with $18.9 million (KRW 280.5 billion), creating a three-way race.

Bitwise ETHW, 21Shares TETH, Invesco QETH, Franklin EZET, VanEck ETHV, and Grayscale ETHE had no change in funds.

Joohoon Choi joohoon@blockstreet.co.kr

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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