US Spot Bitcoin ETFs See $117M Inflows, Ethereum ETFs Back in Green After Losses

Roughly $117 million was pumped into US spot Bitcoin exchange-traded funds (ETFs) in Tuesday trading, while the group of nine spot Ethereum ETFs

Highlighting key points from the article:

- On Tuesday, US spot Bitcoin exchange-traded funds (ETFs) saw an injection of around $117 million, while the group of nine spot Ethereum ETFs snapped a losing streak with gains, according to data from Farside Investors.

- Among the Bitcoin ETFs, the greatest net inflows were observed in Fidelity's Bitcoin Fund (FBTC), amounting to roughly $63 million. With this addition, FBTC's total net inflows now stand at about $9.5 billion after eight trading months.

- At present, FBTC holds $10.5 billion worth of Bitcoin, ranking as the third-largest Bitcoin ETF after BlackRock's iShares Bitcoin Trust (IBIT) and Grayscale's Bitcoin Trust (GBTC).

- Grayscale's Bitcoin Mini Trust (BTC), which is a lower-cost version of GBTC, and ARK Invest/21Shares' Bitcoin ETF (ARKB), also ended the day strongly, attracting about $41 million and nearly $13 million in net capital, respectively.

- Notably, IBIT, GBTC, and the rest of the Bitcoin ETF group experienced zero flows on Tuesday.

- These net inflows come after a prolonged period of outflows from late August to early September, during which over $1 billion was withdrawn from these funds. BlackRock's Bitcoin fund also encountered its second outflow since launching in January.

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