Home web3.0 Spot Bitcoin ETFs See Inflows of $253.54M, While Ethereum ETFs Record Outflows of $97.11K

Spot Bitcoin ETFs See Inflows of $253.54M, While Ethereum ETFs Record Outflows of $97.11K

Oct 13, 2024 am 10:08 AM
Inflows Bitcoin ETFs Ethereum Funds Weakness

On Friday, the 12 U.S. spot bitcoin exchange-traded funds (ETFs) shook things up, recording net inflows of $253.54 million.

Spot Bitcoin ETFs See Inflows of 3.54M, While Ethereum ETFs Record Outflows of .11K

The 12 U.S. spot bitcoin exchange-traded funds (ETFs) saw net inflows of $253.54 million on Friday, while the nine spot ethereum ETFs recorded outflows of around $97,110.

The spot bitcoin ETFs saw a total of $253.54 million in net inflows on Oct. 11. Fidelity’s FBTC led the pack with $117.10 million in inflows, followed by Ark Invest and 21shares’ ARKB, which saw inflows of $97.58 million.

Bitwise’s BITB recorded inflows of $38.81 million, while Vaneck’s HODL saw inflows of $14.26 million, according to data from sosovalue.xyz. Invesco’s BTCO recorded inflows of $7.88 million, while Grayscale’s GBTC recorded outflows of $22.09 million.

The remaining funds saw no significant changes in their holdings. The net inflows into the 12 spot bitcoin ETFs so far this year now stand at $18.81 billion, with the total holdings of these ETFs in BTC now valued at $58.66 billion.

Meanwhile, the nine spot ethereum ETFs saw a decrease in their holdings on Friday, with a total outflow of $97,110. Fidelity’s FETH recorded inflows of $8.61 million, while Grayscale’s ETHE saw outflows of $8.71 million.

The remaining ether ETFs saw no changes in their holdings. The net outflows from the nine funds now total $558.88 million, while their total holdings in ether are valued at $6.74 billion.

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