#Bitcoin ETF Inflows Top $1.9 Billion#

Recently, inflows into Bitcoin spot ETFs have remained strong, with net inflows reaching $1.96 billion last week. Of this, BlackRock's Bitcoin ETF IBIT saw net inflows of $746 million, ranking first. To date, Bitcoin spot ETFs have a total net asset value of $121.28 billion, with the ETF net asset ratio (market capitalization as a percentage of Bitcoin's total market capitalization) reaching 5.85%. The total cumulative net inflows have reached $38.18 billion.It is noteworthy that Grayscale's Bitcoin Trust GBTC saw net outflows of $87.68 million last week, with total cumulative net outflows reaching $21.65 billion. This suggests that institutional investors have greater confidence in Bitcoin ETFs issued by large asset management companies such as BlackRock, while interest in traditional cryptocurrency investment products such as Grayscale has declined.Furthermore, Ethereum spot ETFs saw net inflows of $212 million last week, with BlackRock's Ethereum ETF ETHA seeing net inflows of $151 million, ranking first. This indicates that institutional investor interest in Ethereum is also on the rise.Overall, the continued inflows into Bitcoin and Ethereum spot ETFs reflect the growing recognition of the cryptocurrency market by institutional investors, as well as the increasing demand for investments in cryptocurrency assets.