📈 Bitcoin ETFs Experience Significant Inflow; Ether ETFs Remain Static
💰 On April 17, Bitcoin ETFs saw a remarkable recovery with an inflow of $108 million, nearly offsetting the previous day's $170 million outflow. This rebound was primarily driven by strong investments in Blackrock and Fidelity products.
Only 3 of the 12 U.S. spot bitcoin ETFs saw any movement, but those few did the heavy lifting,
highlighting the concentrated nature of this recovery.
📊 Blackrock's IBIT led the charge with an impressive $80.96 million influx, followed by Fidelity's FBTC which attracted $25.90 million. Additionally, Hashdex’s DEFI ETF made a rare gain of $965.51k. Despite this activity, the majority of the ETF sector remained inactive, with total trading volume at $1.55 billion and total net assets for bitcoin ETFs rising to $94.51 billion.
🌊 In contrast, ether ETFs experienced a stagnant day with all 9 U.S. spot ether ETFs reporting zero net flow. This pause comes after a week of consecutive losses and indicates a wait-and-see mood among ether investors. As the week concludes, while bitcoin shows signs of resilience, ether remains in a state of uncertainty.