Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
Last week, positive signals emerged in the US spot ETF market. According to on-chain data, the combined net inflow of Bitcoin and Ethereum spot ETFs reached $620 million last week, marking the first weekly rebound after two consecutive weeks of net outflows for these two major categories.
**BTC Spot ETF: Funds Flow Back In**
Bitcoin spot ETFs saw a net inflow of nearly $459 million last week. Among them, BlackRock's IBIT performed the strongest, attracting $324 million in a single week. Currently, this fund's total inflow has reached $62.38 billion. Fidelity's FBTC, Bitwise's BITB, and ARK's ARKB followed closely, recording weekly net inflows of $106 million, $41.6 million, and $33.08 million respectively. In the mid-tier products, Franklin Templeton's EZBC and VanEck's HODL also received $7.94 million and $6.44 million respectively.
However, some underperformers include Grayscale's GBTC and BTC products, as well as Invesco Galaxy's BTCO, which experienced weekly net outflows of $53.67 million, $5.94 million, and $0.6072 million respectively. As of now, the total net asset value of BTC spot ETFs has reached $116.95 billion, accounting for 6.53% of Bitcoin's total market cap, with a cumulative net inflow of $57.08 billion.
**ETH Spot ETF: Grayscale Leads**
Ethereum spot ETFs also saw a rebound, with a net inflow of $161 million last week. Grayscale performed notably well, with its ETHE and ETH products leading the net inflow list, attracting $104 million and $32 million respectively. Bitwise's ETHW, BlackRock's ETHA, and Fidelity's FETH contributed $18.99 million, $12.37 million, and $5.13 million respectively. In contrast, VanEck's ETHV and Franklin's EZET experienced weekly net outflows of $9.54 million and $2.25 million. Currently, the total net asset value of Ethereum spot ETFs stands at $19.05 billion, representing 5.06% of ETH's total market cap, with a total cumulative net inflow of $12.5 billion.
Overall, leading institutions continue to expand their holdings in spot ETF products, and market fund activity has shown signs of recovery.