The money flow returns to crypto ETFs: Bitcoin and Ethereum attract 172 million USD
The Bitcoin spot ETFs in the US recorded positive capital flow during the trading session on March 11. The total net capital invested in the funds reached approximately 115 million USD, with BlackRock's IBIT fund leading with an exact amount of 115 million USD for the day, indicating strong demand from investors for Bitcoin ETF products.
Similarly, the Ethereum spot ETFs also recorded significant capital inflows. The total money flow for the day reached 57.01 million USD. Leading the way was Fidelity's FETH fund with a net capital flow of 19.13 million USD, reflecting the increasing interest of institutional investors in Ethereum.
The positive capital flow trends in both ETF groups indicate that market sentiment is gradually improving, as investors continue to use ETFs as a legal and convenient means of accessing cryptocurrencies in the traditional financial market.