Bitcoin and Ethereum ETFs are on record breaking inflow streaks.
(Photo by Michael M. Santiago/Getty Images)
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Key Takeaways
U.S. spot Bitcoin ETFs command $120.71 billion in BTC or 5.76% of its market cap.
Bitcoin ETFs have earned almost $6 billion since Nov. 27, and ETH ETFs have earned $2.3 billion since Nov. 22.
U.S. spot Ethereum ETFs now hold $14.28 billion in net assets or 2.93% of ETH’s market cap.
U.S. spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) are winning big as funds extend their record-setting inflow streaks amid soaring optimism in the crypto market.
As per data from SoSoValue, Bitcoin ETFs have reached day 13 of a record-breaking inflow streak after bagging a solid $636.85 million on Dec. 16, 2024. The streak has—so far—pulled a total of $5.9 billion since beginning on Nov. 27.
Bitcoin ETF flows. Source: SoSoValue
As ever, BlackRock’s iShares Bitcoin Trust (IBIT) stands leagues above the competition, bagging $418.16 million in net inflows, raising its cumulative net inflows to $36.3 billion. With $57.69 billion in net assets, IBIT alone commands 2.75% of BTC’s market cap.
Fidelity’s Wise Origin Bitcoin Fund (FBTC) posted $116.06 million in net inflows. With $12.43 billion in cumulative net inflows, FBTC ranks second under IBIT. However, now that FBTC commands $22.2 billion in net assets, it needs just $60 million or so more to overtake Grayscale’s long-held second position for net assets.
The ARK 21Shares Bitcoin ETF (ARKB) netted a cool $47.73 million, as did the Bitwise Bitcoin ETF (BITB) with $30.67 million.
Since the overall inflow streak began, the Grayscale Bitcoin Trust (GBTC) has only managed to see two days of net inflows, recording just $17.65 million on Dec. 16. The fund, which has seen its net assets cut in half through ceaseless exits, has a cumulative net outflow of $21 billion, and now holds $22.26 billion in net assets.
Relishing some minor but consistent gains, Grayscale’s Bitcoin Mini Trust picked up a modest $6.57 million in net inflows. Though this fails to pick up GBTC’s slack, the mini fund has seen a cumulative net inflow of $1.04 billion since launching in late July.
Ethereum ETFs
Ethereum ETFs are finally having their moment as funds reach day 16 of their long-awaited inflow streak, which has officially ended months of underperformance. On Dec. 16, funds pulled a modest $51.13 million in net inflows, raising the streak total to over $2.3 billion since Nov. 22.
Ethereum ETF flows. Source: SoSoValue
BlackRock’s dominant ETH fund, the iShares Ethereum Trust (ETHA), captured $30.72 million of the day’s inflows, raising its cumulative net inflows to $3.23 billion and net assets to $4.02 billion.
It’s followed by Bitwise’s Ethereum ETF (ETHW), which netted $8.73 million, boosting its cumulative net inflows to $415.37 million and net assets to a sturdy $507.05 million.
Just behind is the Grayscale Ethereum Mini Trust, which tallied $7.62 million in net inflows, raising the fund’s cumulative net inflows to $611.42 million. With $1.93 billion in net assets, Grayscale’s mini ETH fund has outperformed its mini BTC trust.
Fidelity’s Ethereum Fund (FETH) saw just $4.05 million in net inflows, though it remains ranked second for cumulative net inflows with $1.38 billion.
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.
