Bitcoin ETFs Net $39M Inflows, Ethereum ETFs Outflows Led Solely by Grayscale

• Grayscale’s primary BTC and ETH fund outflows total over $22 billion.
• All other ETH and BTC ETF cumulative flows are in the green.
• Grayscale’s “Mini” BTC and ETH funds have combined cumulative inflows of just over $600 million.

U.S. spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) have seen mixed results as the crypto markets begin to show signs of positivity this week.

Bitcoin ETFs

Data provided by SoSoValue shows that Bitcoin ETFs  are returning to form, posting a solid $39.02 million in net inflows on Sept. 12, 2024.

The development comes as BTC’s price begins to show signs of recovery as it tries to push above $58,000.

Leading today’s gainers is the ARK 21Shares Bitcoin ETF (ARKB), which bagged $18.34 million.

It’s not quite enough to make up for the brutal losses it suffered throughout Aug., but it’s a solid inflow for a fund that has performed pretty well with $2.25 billion cumulative net inflows.

Fidelity’s Wise Origin Bitcoin Fund (FBTC) posted a cool $11.47 million in net inflows, raising its cumulative net inflows to $10 billion. It nearly hit that mark at the end of July.

However, the market woes of August clipped its wings at $9.99 billion, and its cumulative net inflows now sit at $9.54 billion.

Grayscale’s Mini Bitcoin Trust netted a modest $5.18 million, as did the VanEck Bitcoin ETF (HODL), which had $4.95 million in net inflows.

Other gainers include the Franklin Templeton Digital Holdings Trust (EZBC), posting $3.31 million in net inflows, and the Bitwise Bitcoin ETF (BITB), which attracted $2.22 million.

Predictably, the Grayscale Bitcoin Trust (GBTC) suffered yet another day of outflows, shedding $6.51 million from its fund.

Having not seen a single day of inflows since July 22, GBTC cumulative outflows now stand at $20.05 billion.

Ethereum ETFs

As per data from SoSoValue, Ethereum ETFs recorded net outflows  of $20.14 million on Sept. 12, marking day two of consecutive outflows.

However, it’s not all bad news.

Maybe only for just one fund, the Grayscale Ethereum Trust, which posted $20.14 million in net outflows. This brings its cumulative net outflow to an astonishing $2.71 billion.

It’s unfortunate for the charts as Grayscale’s failure in the ETH ETF market is the primary driver behind a majority of the daily red candles.

However, with all this considered, it’s also a sign that Ethereum ETFs are performing pretty well.

All other eight funds posted neutral flows and have been running mostly positive or neutral since their launch on July 23, 2024.

About the Author

Eddie Mitchell

Eddie has been writing news and content primarily for crypto news and industry players over the past seven years. With an eye for the bigger picture, Eddie prefers to investigate the broader implications of a story, as well as explore the weird and wonderful world of crypto. He believes blockchain has already changed the world, but observes the space overall with a skeptical and adoring eye.

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