Bitcoin ETFs Surge With $1.85B Inflows as Ethereum ETFs Keep Up

• 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.

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.

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.