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Bitcoin ETFs See Best Run Since June as Ethereum ETFs Record Inflow Streak Continues

Published
Eddie Mitchell
Published
By Eddie Mitchell
Edited by Insha Zia
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.

Bitcoin ETFs

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 daily inflows/outflows.
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 daily inflow/outflow chart.
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.

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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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