The drivers of liquidity growth in the Bitcoin ETF market were Fidelity (FBTC) and Ark 21Shares (ARKB), which raised $245.2 million and $23.8 million, respectively.. The results of other market participants, such as Bitwise (BITB), Wisdomtree (BTCW) and others, were insignificant.
At the same time, according to Bloomberg, there was an outflow of liquidity from the Grayscale Bitcoin Trust ETF (GBTC) and Vaneck Bitcoin Trust ETF (HODL) in the amount of $216.4 million and $3.4 million, respectively.. It is noteworthy that the outflow of investments occurred amid FOMO pressure on the digital asset market, which led to an increase in the price of BTC above $63,000. This indicates increased competition among exchange-traded funds and investors fleeing due to high fees.
CoinShares reports that average weekly inflows into digital asset investment products remained at more than $598 million for the fourth week in a row, surpassing $5.7 billion year-to-date.
Earlier, analysts from S&P Global Ratings said that if spot ETFs for ether are launched, a significant amount of the asset may be concentrated in one hand, and this entails risks of centralization of the Ethereum network.