Bitcoin ETFs Extend Winning Streak as Ether ETFs Rebound With $63 Million Boost
Bitcoin ETFs saw another day of strong inflows, drawing in $442 million as Blackrock’s IBIT continued to lead the pack. Ether ETFs also broke their short-lived slump with a $63.49 million net inflow, led by Blackrock and Grayscale.
The flow of capital into crypto ETFs isn’t slowing down. Thursday, April 24, brought another wave of investor enthusiasm as U.S. spot bitcoin ETFs locked in $442 million in net inflows, marking the fifth consecutive day of gains.
Once again, Blackrock’s IBIT took the lion’s share with $327.32 million flowing into the fund. Ark 21shares’ ARKB followed with an impressive $97.02 million addition. Bitwise’s BITB and Invesco’s BTCO rounded out the list, drawing in $10.18 million and $7.48 million, respectively. Notably, no bitcoin ETF recorded any outflows.
Total value traded came in at $2.03 billion, and total net assets edged up to $106.97 billion, bringing the $110 billion mark within reach.
Ether ETFs also had a bright day, recording a $63.49 million net inflow after Wednesday’s stumble. Blackrock’s ETHA led the rebound with a $40.03 million inflow. Grayscale’s ETH contributed $18.28 million, while Bitwise’s ETHW, 21shares’ CETH, and Vaneck’s ETHV chipped in $5.06 million, $4.14 million, and $2.58 million, respectively.
The only outflow came from Grayscale’s ETHE, which saw $6.6 million exit. Trading volume for ether ETFs reached $300.99 million, and net assets held steady at $5.92 billion.
With both bitcoin and ether ETFs seeing renewed interest, market sentiment appears to be tilting firmly back toward accumulation.
