Bitcoin and Ethereum ETF record solid inflows. | Credit: Ian Charles | MI News/NurPhoto via Getty Images.
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Key Takeaways
U.S. spot Bitcoin ETFs command $128.13 billion in net assets or 6.1% of BTC’s market cap.
The SEC has clarified that certain proof-of-stake blockchain staking services do not constitute a securities activity.
U.S. spot Ethereum ETFs hold $9.81 billion in net assets or 3.11% of ETH’s market cap.
U.S. spot Bitcoin (BTC) exchange-traded funds (ETFs) have broken free from a significant outflow streak that saw funds lose over $1 billion across three days.
Though perhaps more importantly, Ethereum (ETH) funds are carving out a record-setting inflow streak.
This has been bolstered by the U.S. Securities and Exchange Commission’s (SEC’s) clarification that ETH staking does not constitute a security.
Now, ETH ETFs could soon have staking enabled, and unlock billions in value for investors.
As per data gathered by SoSoValue, Bitcoin ETFs tallied $378.04 million in daily total net inflows on June 3, ending a three-day outflow streak that saw roughly $1.3 billion in outflows.
Bitcoin ETF flows. | Source: SoSoValue.
Taking the lead is ARK 21Shares Bitcoin ETF (ARKB), which raked in $139.93 million.
To date, ARKB has recorded $2.51 billion in cumulative net inflows and holds $4.95 billion in net assets, ranking it third and fourth, respectively.
It’s closely followed by Fidelity’s Wise Origin Bitcoin Fund (FBTC), which garnered $136.83 million, bringing its cumulative net inflows to $11.69 billion, and net assets to $21.15 billion, ranking it second overall.
Up next is top-ranking fund, the BlackRock iShares Bitcoin Trust (IBIT), which netted a cool $57.97 million in net inflows.
The titan has seen a gigantic $48.5 billion in cumulative net inflows, and commands $70.16 billion in net assets.
As for the smaller gainers, VanEck’s Bitcoin ETF (HODL) pulled $18.79 million, followed by the Bitwise Bitcoin ETF (BITB), which secured $14.46 million.
Finally, the Grayscale Bitcoin Mini Trust notched a modest $7.06 million in net inflows, as did the Valkyrie Bitcoin Fund (BRRR) with $3.01 million.
Ethereum ETFs
Interestingly, SoSoValue data reveals that Ethereum funds have maintained bullish momentum and pulled $109.43 million in daily total net inflows on day 12 of their current inflow streak.
This marks the longest consecutive run of daily inflows since funds launched in May 2024, and it comes as the U.S. SEC finally clarifies that ETH staking does not constitute a security offering.
This is big news, as funds that were initially not allowed to offer staking within ETH ETFs could soon be able to.
Ethereum ETF flows. | Source: SoSoValue.
Up top is BlackRock’s iShares Ethereum Trust (ETHA), which posted $77.06 million in daily net inflows.
This brings its cumulative net inflows to $4.73 billion and total net assets to $3.85 billion, ranking it first amongst the competition.
It’s followed by Fidelity’s Ethereum Fund (FETH), which garnered $20.97 million in daily net inflows.
To date, it has tallied $1.56 billion in cumulative net inflows and commands $1.19 billion in net assets, ranking it second and fourth, respectively.
The Grayscale Ethereum Mini Trust captured a humble $8.41 million in net inflows, raising its cumulative net inflows to $677.31 million and net assets to $1.33 billion. It ranks third and second, respectively.
Finally, one of the smaller funds, the Franklin Ethereum Trust (EZET), notched $2.99 million in net inflows, bringing its cumulative inflows to $42.55 million and net assets to $36.88 million.
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.
