Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Bitcoin and Ethereum ETF Flows Run Thin, But Mostly Positive

Bitcoin and Ethereum ETF Flows Run Thin, But Mostly Positive

CCNCCN2024/09/18 03:18
By:CCN
Key Takeaways
  • Bitcoin ETFs hold $52.57 billion in net assets or 4.61% of BTC’s market cap.
  • BlackRock’s BTC ETF posted its first day of inflows since Aug. 26.
  • Ethereum ETFs hold $6.22 billion in net assets or 2.27% of ETH’s market cap.

U.S. spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) have begun the week with slower-than-usual flows.

Bitcoin ETFs

As per data gathered by SoSoValue, Bitcoin ETFs posted a very modest $12.9 million in net inflows for Sept. 16, a figure rarely seen in either daily outflow or inflow results.

Bitcoin and Ethereum ETF Flows Run Thin, But Mostly Positive image 0 Bitcoin ETF flows. Source: SoSoValue

After 13 days of neutral flows marked by two rare days of outflows, BlackRock’s iShares Bitcoin Trust (IBIT) has finally posted net inflows of $15.82 million. Despite having spent the past two weeks in stasis, the fund remains the top performer with $20.92 billion in cumulative net inflows.

Fidelity’s Wise Origin Bitcoin Fund (FBTC) reached day six of its inflow streak, netting a modest $5.06 million. With cumulative inflows totaling $9.65 billion, FBTC is ranked second amongst competitors.

Some of the smaller funds also saw humble inflows. The Franklin Templeton Digital Holdings Trust (EZBC) scored a cool $5.04 million, bringing its cumulative net inflow to $400.16 million.

VanEck Bitcoin ETF (HODL) wasn’t far behind, with $4.91 million in net inflows. The Grayscale Bitcoin Mini Trust (BTC) trailed behind the pack with $2.82 million in net inflows.

Finally, dragging the daily results down, the Grayscale Bitcoin Trust (GBTC) saw net outflows of $20.75 million. GBTC’s outflows now total a sour $20.06 billion.

Ethereum ETFs

Moving over to Ethereum ETFs, SoSoValue data shows that funds saw a total net outflow of $9.51 million on Sept. 16.

Bitcoin and Ethereum ETF Flows Run Thin, But Mostly Positive image 1 Ethereum ETF flows. Source: SoSoValue

Capturing the lion’s share of the inflows, BlackRock’s iShares Ethereum Trust (ETHA) netted a solid $4.16 million in net inflows, raising its cumulative net inflow to $1.03 billion.

Grayscale’s Ethereum Mini Trust (ETH) was the only other fund to post net inflows, tallying $2.29 million on its balance sheet.

Apart from that, every other fund ran neutral—except, of course, for the Grayscale Ethereum Trust (ETHE), which posted net outflows of $13.83 million, bringing the fund’s cumulative net outflows to $2.74 billion.

Inflows Pending?

Unlike Bitcoin ETFs, Ethereum funds are yet to “pop off” in a way that sees billions poured into their funds.

Despite Grayscale’s $20 billion in outflows, BTC ETFs have still seen a cumulative net inflow of $17.31 billion thanks to the mighty success of other competitors.

Meanwhile, ETH ETFs are in the red, with a cumulative total net outflow of—$590.73 million. While BlackRock and Fidelity are scooping up the losses from Grayscale’s Bitcoin ETF, the same cannot be said for the ETH ETF market.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

US equities reverse losses as inflation data, key earnings report loom

Nvidia is scheduled to report its Q4 earnings on Wednesday afternoon

Blockworks2025/02/25 07:22

Ethereum Faces Worst February Since 2018 Amid Market Pressure

Ethereum risks its worst February if it falls below $2400, with macroeconomic factors adding to the pressure. Can ETH recover?Historical Trends vs. Current Market ConditionsMacroeconomic Uncertainty Weighs on ETHWhat’s Next for Ethereum?

Coinomedia2025/02/25 07:11

Fear Signals a Bullish Move: Are You Ready?

Bullish markets often start with fear, while bear markets begin in euphoria. Are we at the start of a new bullish leg up?The Role of Fear in Bullish Market TrendsEuphoria: The Silent Start of a Bear MarketWhere Are We Now?

Coinomedia2025/02/25 07:11