Bitcoin ETFs Net $890M, BlackRock Pulls Largest Inflows Since Launch

• 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.

Bitcoin ETFs

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.

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.

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.