Bitcoin ETFs command $72.46 billion in net assets or 5.03% of BTC’s market cap.
BlackRock’s BTC ETF holds $30.86 billion worth, or 2.14% of BTC’s market cap.
Ethereum ETFs lag significantly behind BTC ETFs, though they still command $7.34 billion, or 2.27% of ETH’s market cap.
U.S. spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) are on a winning streak, with nearly $900 million in fresh inflows bolstering their holdings.
Bitcoin ETFs alone now hold over one million BTC, putting them on track to soon surpass Satoshi Nakamoto’s 1.1 million BTC stash.
According to data from SoSoValue, Bitcoin ETFs saw their second-highest day of inflows since launch, with a lofty $893.21 million in total net inflows on Oct. 30.
Bitcoin ETF flows. Source: SoSoValue
BlackRock’s iShares Bitcoin Trust (IBIT) saw its largest-ever inflows, capturing $872.04 million. With a cumulative net inflow of $25.82 billion and $30.86 billion in net assets, IBIT is—by far—the top-performing BTC ETF.
Fidelity’s Wise Origin Bitcoin Fund (FBTC) bagged $12.57 million in net inflows, raising its cumulative net inflows to $10.57 billion, marking it as the second-best performing ETF.
With $13.56 billion in net assets, FBTC is on track to surpass the dwindling stash of the Grayscale Bitcoin Trust (GBTC), which currently commands $15.82 billion in net assets.
The Grayscale Bitcoin Mini Trust (BTC) netted a modest $7.96 million.
Both the ARK 21Shares Bitcoin ETF (ARKB) and Invesco Galaxy Bitcoin ETF (BTCO) tallied $7.18 million in net inflows.
The Valkyrie Bitcoin Fund (BRRR) recorded $6.11 million, and finally, VanEck’s Bitcoin ETF (HODL) added $4.07 million to its portfolio.
ETH ETFs
As per SoSoValue, Ethereum ETFs are making some modest gains, with $4.36 million in net inflows on Oct. 30.
Ethereum ETF flows. Source: SoSoValue
Fidelity’s Ethereum Fund (FETH) saw a cool $5.32 million in net inflows, raising its cumulative net inflow to $514.62 million.
This ranks FETH second under BlackRock’s Ethereum ETF, which has seen $1.29 billion in cumulative net inflows.
Up next, the 21Shares Core Ethereum ETF (CETH) saw a rare day of inflows, bagging $2.66 million.
Since its launch, CETH has seen just $21.81 million in cumulative net inflows. As for outflows, the Bitwise Ethereum ETF (ETHW) recorded $3.63 million in net outflows.
Though ETH ETF flows are often small, the fact that smaller funds are beginning to gain traction suggests that there is plenty of appetite, albeit hesitant.
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.
