Bitcoin ETF inflows signal bullish momentum to come. | Credit: Spencer Platt/Getty Images.
Share
Key Takeaways
U.S. spot Bitcoin ETFs command $103.34 billion in BTC, representing 5.71% of their market cap.
Bitcoin is trading at $94,232; Ethereum is trading up 10.42% at $1,793.
U.S. spot Ethereum ETFs command $5.66 billion in net assets, or 2.77% of ETH’s market cap.
U.S. spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) have seen almost $1 billion in combined daily net inflows, the largest since Donald Trump took office, spurring significant growth in the crypto markets.
According to SoSoValue data, Bitcoin ETFs have seen a staggering return to form with a gigantic $936.43 million daily total net inflows on April 22.
This, so far, brings the week’s total net inflows to $1.32 billion.
Bitcoin ETF flows. Source: SoSoValue
ARK 21Shares’ Bitcoin ETF (ARKB) led the charge, bringing in $267.1 million in daily inflows, pushing its total net inflows to $2.98 billion and net assets to $4.59 billion, ranking third and fourth, respectively, among all spot BTC funds.
Fidelity’s Wise Origin Bitcoin Fund (FBTC) wasn’t far behind, pulling in $253.82 million. That brings its cumulative inflows to $11.62 billion and total net assets to $18.16 billion, securing its place as the second-best performer across both metrics.
BlackRock’s iShares Bitcoin Trust (IBIT) added another $193.49 million. IBIT now boasts $39.99 billion in cumulative inflows and $52.7 billion in net assets, cementing its lead by a wide margin.
Bitwise Bitcoin ETF (BITB) followed with $76.71 million in inflows, while Grayscale’s flagship Bitcoin Trust (GBTC) brought in $65.06 million.
Despite the gains, GBTC remains the worst performer in net flows, with $22.68 billion in cumulative outflows.
Still, it holds $17.51 billion in assets, placing it third behind BlackRock and Fidelity.
Among the mid-tier performers, Valkyrie’s BRRR pulled in $23.82 million, Grayscale’s new Mini Trust saw $21.09 million, and Invesco Galaxy’s BTCO added $18.27 million.
Rounding out the group, Franklin Templeton’s EZBC recorded $10.6 million in inflows, while VanEck’s HODL trailed with $6.47 million.
Ethereum ETFs
According to SoSoValue data, Ethereum ETFs have also seen their largest inflows in months, pulling a modest $38.74 million daily total net outflows on April 22.
Ethereum ETF flows. Source: SoSoValue
Just two funds saw positive flows while all others remained neutral.
Leading the gains, Fidelity’s FETH took in a sturdy $32.65 million in net inflows. With $1.39 billion in cumulative inflows, FETH is the second-best performing fund under BlackRock’s ETHA. However, it ranks fourth in net assets and currently holds $649.67 million.
FETH is followed by the Bitwise Ethereum ETF (ETHW), which posted a humble $6.09 million net inflows.
ETHW ranks fourth for cumulative net inflows, now at $314.52 million, and fifth for net assets, commanding $155.59 million.
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.
