According to the latest data showing growing institutional interest in the crypto market, Bitcoin spot ETFs recorded net inflows totaling $3.24 billion last week, marking the second-highest weekly inflow in history. The data covers the trading days from September 29 to October 3. Record Capital Inflows into Bitcoin and Ethereum Spot ETFs: $4.6 Billion Weekly According to SoSoValue data, BlackRock's Bitcoin ETF IBIT saw the highest inflow of the week. The fund saw net inflows of $1.82 billion in just one week, bringing its historical total to $62.63 billion. Fidelity's FBTC ETF ranked second with $692 million in inflows, bringing its total net inflow to $12.62 billion. According to the data, the total asset value of Bitcoin spot ETFs stands at $164.5 billion, equivalent to 6.74% of Bitcoin's total market capitalization, while historical total inflows have exceeded $60 billion. Similarly, Ethereum spot ETFs had a strong week. All nine ETFs saw positive inflows, totaling $1.3 billion in net inflows. BlackRock's ETHA ETF led the way with $692 million, followed by Fidelity's FETH ETF with $305 million. Ethereum spot ETFs have a total asset value of $30.57 billion, with a market share of 5.58%. The historical total inflow has reached $14.42 billion. *This is not investment advice. Continue Reading: Bitcoin and Ethereum Spot ETFs Record Weekly Capital Inflows! Here Are All the Data
