Last week, there was a lot of activity in spot ETFs. A net inflow of $568 million came into Bitcoin ETFs—IBIT alone pulled in $660 million. Total assets have now reached $870.7 billion. Looking at Ethereum, it saw an inflow of $235 million, mainly from Grayscale ETHE.



There was no flow into Bitcoin ETFs in Hong Kong, but 497 ETH were withdrawn from Ethereum. There are other interesting developments across the market—Nasdaq has lifted all restrictions on Bitcoin ETFs, giving institutional investors unlimited access.

21Shares launched the first spot Polkadot ETF in the U.S., with the ticker TDOT. The fee is 0.3%, and the initial seed capital is $11 million. As for Polkadot, it works to connect different blockchains.

Morgan Stanley is set to launch its Bitcoin Trust, with Coinbase as the custodian and BNY Mellon as the trustee. Offline cold storage will be used.

However, in the past four months alone, more than $90 billion has exited Bitcoin and Ethereum ETFs—$63.9 billion from Bitcoin and $27.6 billion from Ethereum. That’s why prices fell. Bitcoin is down 50% from its October peak of $126,000, to $67,000.

According to Bloomberg analysts, $15 billion flowed into Solana ETFs, even though SOL has fallen 57%. Nearly half of the amount came from institutional investors. BlackRock has filed an application to cut the fee on its Ethereum staking ETF from 18% to 10%.
ETH0.07%
DOT2.01%
SOL1.32%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin