Bitcoin and Ethereum ETFs have pulled over $500 million.
(Photo by Andrew Burton/Getty Images)
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Key Takeaways
Over $1.85 billion has poured into Bitcoin ETFs this week.
Bitcoin ETFs hold $64.06 billion in BTC or 4.84% of its market cap.
Ethereum ETFs now command $7.18 billion in net assets.
U.S. spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) are on a roll, as yesterday’s combined inflows totaled $518.89 million.
Bitcoin ETFs
As per SoSoValue, Bitcoin ETFs have seen another day of enormous inflows, collectively posting $470.48 million in gains on Oct. 17, 2024.
Bitcoin ETF flows. Source: SoSoValue
BlackRock’s iShares Bitcoin Trust (IBIT) is on top yet again with a massive net inflow of $309 million. So far this week, IBIT has drawn over $780 million in net inflows, raising its cumulative total to $22.77 billion.
The ARK 21Shares Bitcoin ETF (ARKB) earned a solid $100.2 million, followed by the Grayscale Bitcoin Trust (GBTC), which had $45.7 million in net inflows.
Fidelity’s Wise Origin Bitcoin Fund (FBTC) caught a modest $11.69 million net inflows, as did Franklin Templeton Digital Holdings Trust (EZBC) with $3.88 million.
Ethereum ETFs
According to SoSoValue, Oct. 17 was another winning day for Ethereum ETFs, which recorded $48.41 million in net inflows.
Ethereum ETF flows. Source: SoSoValue
Leading the gainers, Fidelity’s Ethereum Fund (FETH) netted $31.12 million on day five of its very own inflow streak. This is the fund’s largest day of inflows since July 26 and brings its cumulative net inflows to $498.02 million.
BlackRock’s iShares Ethereum Trust (ETHA) was in second place after capturing $23.56 million of the day’s inflows. It remains the top-performing ETH ETF with $1.26 billion in cumulative net inflows.
Grayscale’s Ethereum Mini Trust (ETH) captured a modest $5.13 million, raising its cumulative net inflows to $303 million.
The 21Shares Core Ethereum ETF (CETH), a notably quiet fund, saw its eighth-ever day of inflows, tallying $2.33 million to its portfolio.
Similarly, another slow-moving fund, Invesco’s Galaxy Ethereum ETF (QETH), netted a humble $518,650.
Unfortunately, the Grayscale Ethereum Trust (ETHE) fell behind the green tide, shedding $15.74 million in net outflows. This now raises the fund’s cumulative net outflows to $3.01 billion, leaving just $4.2 billion in net assets remaining in the fund.
Eddie is a gaming and crypto writer at CCN. Covering the often weird and wonderful world of Web3 with an adoring, but skeptical eye.
Prior to CCN, Eddie has spent the past seven years working his way through the crypto, finance, and technology industry. He began with PR and journalism with Bitcoin PR Buzz and BitcoinNews.com, eventually working his way to become a copywriter with a dozen firms, including the likes of Polkadot before returning to journalism in 2023.
Having studied Radio production and journalism at University in the UK, Eddie spent a few years making podcasts and presenting on a local London radio station as he built up his writing chops.
A lifelong skateboarder, Eddie can often be found at the skatepark or touring the streets looking for something new to try. That, or kicking back playing JRPGs on his original PSP.
