Recep Gülcemal 
Massive investments in large funds such as ETHE, IBIT, and FBTC have brought with them high trading volumes. This situation suggests that the momentum needed for a renewed upward trend in the market is beginning to build.
With institutional investors showing renewed interest in crypto, new inflows are seen in Spot Bitcoin and ETH ETFs. On Friday, spot BTC ETFs in particular recorded an inflow of $642.35 million, generating gains for investors over a five-day period. SoSoValue data shows net inflows reaching $56.83 billion. The total net assets have now pushed Bitcoin’s total market capitalization to $153.18 billion. This value represents 6.62% of the market capitalization.
$405 Million Investment Made in ETH ETFs
Spot ETH ETFs followed a path supporting the upward trend. Accordingly, a net inflow of $405.55 million was recorded within a single day. This showed that positive results were achieved for four consecutive days. It was emphasized that total inflows into ETH ETFs reached $13.36 million. At the same time, the net asset value was determined to be $30.35 million.
On Friday, BlackRock managed to attract significant investments. In this context, the ETHA fund attracted $165.56 million in investments. Fidelity’s FETH product, with $168.23 million in investments, is among those receiving the highest investments. The $1.86 billion trading volume reached by ETHA on the same day is among the noteworthy points.
BlackRock Prepares to Tokenize ETFs
BlackRock has achieved significant success with its spot Bitcoin ETFs. Following this success, it is now preparing to tokenize these ETFs using blockchain technology. BlackRock, a global asset giant, is bringing the tokenization of funds based on real-world assets to the agenda. However, the challenging legal obstacles facing this process are among the most significant difficulties. Tokenized ETFs will provide investors with 24/7 trading advantages. They can also be integrated into the DeFi ecosystem.
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