BTC and ETH spot ETFs saw a total inflow of $57.9 million on Wednesday

On May 7th, according to the latest data from SoSovalue, the US BTC spot ETF recorded a net inflow of $46.33 million yesterday, marking the fifth consecutive day of net capital inflow;

Among them, BlackRock's IBIT was the only BTC ETF to have a net inflow yesterday, with nearly $135 million (about 1,650 BTC), bringing the total net inflow to $1.05 billion;

Meanwhile, Fidelity's FBTC and Bitwise's BITB recorded daily net capital outflows of $38.95 million (478.80 BTC) and $25.18 million (309.51 BTC), respectively;

Next are Grayscale's GBTC and Franklin's EZBC, which experienced daily net capital outflows of $17.10 million (210.15 BTC) and $7.05 million (86.71 BTC), respectively;

As of now, the total net asset value of Bitcoin spot ETFs is $108.76 billion, accounting for 6.67% of Bitcoin's total market cap, with a cumulative net inflow of $59.76 billion.

On the same day, the US Ethereum spot ETF also recorded a total net inflow of $11.57 million for the fourth consecutive day;

Among them, Grayscale's ETH and BlackRock's ETHA recorded daily net inflows of $10.03 million (about 4,280 ETH) and $2.12 million (905.93 ETH), respectively;

However, Fidelity's FETH experienced a daily net outflow of nearly $584.3k (249.13 ETH), making it the only ETH ETF to have a net outflow yesterday;

As of now, the total net asset value of Ethereum spot ETFs is $14.01 billion, accounting for 4.94% of Ethereum's total market cap, with a cumulative net inflow of $12.19 billion.

In summary, although the ETF market achieved overall net capital inflow yesterday, funds are concentrating into a few leading products. This indicates a lack of broad incremental capital in the current market, with more focus on existing holdings and risk hedging, and investors should be alert to risks!

#比特币ETF #Ethereum ETF