Crypto ETFs Attract Over $400 Million Amidst Bullish Market Sentiment
Bitcoin exchange-traded funds (ETFs) have shown a strong recovery, marking their third consecutive day of inflows with a total of $165 million. Meanwhile, ether ETFs have set new records by achieving their 18th straight day of gains and attracting an impressive $240.29 million.
On Wednesday, June 11, the crypto ETF market maintained its bullish momentum as both bitcoin and ether funds drew significant investor interest, indicating ongoing institutional confidence. Bitcoin ETFs experienced net inflows for the third day in a row, with $164.57 million flowing into four major funds. Blackrock’s IBIT was the top choice for investors, gathering $131.01 million. It was followed by Vaneck’s HODL with $15.39 million, Fidelity’s FBTC which contributed $11.87 million, and Franklin’s EZBC that closed the inflow activity with $6.30 million. Notably, no funds reported outflows.
However, the ether ETFs segment stole the spotlight by logging its 18th consecutive day of inflows and pulling in a remarkable $240.29 million across five funds. Blackrock’s ETHA led the pack with $163.64 million, followed by Fidelity’s FETH with $37.28 million. Grayscale’s Ether Mini Trust and its larger counterpart ETHE added $19.61 million and $13.30 million respectively, while Bitwise’s ETHW rounded out the inflows with $6.46 million.
Total trading volume for ether ETFs surged to $830.98 million with net assets rising to $11.05 billion. As ether ETFs continue their record streak and bitcoin inflows remain steady, market sentiment appears optimistic as we head into mid-June.
