Bitcoin ETFs net over $260 million, Ethereum ETFs bag just $1.5 million.
(Photo by Mario Tama/Getty Images)
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Key Takeaways
U.S. Bitcoin ETFs command $54.31 billion in net assets, or 4.59% of BTC’s market cap.
Grayscale’s primary BTC and ETH funds have seen a combined $22.76 billion in net outflows.
The Grayscale mini BTC and mini ETH funds have a combined inflow of just $637.43 million.
U.S. spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) are in the green, with BTC funds recording their largest day of inflows since late July.
Bitcoin ETFs
As per SoSoValue, Bitcoin ETFs are back on form with a significant net inflow of $263.07 million on Sept. 13, marking the largest day of inflows since July 22.
Bitcoin ETF flows. Source: SoSoValue
Leading the pack, Fidelity’s Wise Origin Bitcoin Fund (FBTC) saw $102.09 million in net inflows, marking day 5 of the funds’ very own inflow streak. FBTC has seen $9.64 billion in cumulative net inflows, making it the second-best performing fund under BlackRock’s $20.91 billion BTC ETF.
The ARK 21Shares Bitcoin ETF (ARKB) also saw solid inflows, bagging $99.27 million, the largest it has recorded since mid-July. Just behind is the Bitwise Bitcoin ETF (BITB), which posted $43.06 million, bringing its cumulative total back up to $2 billion after a brief period of outflows.
As for the smaller gainers, the Grayscale Bitcoin Trust (GBTC) posted its first day of inflows since July 19, netting a cool $6.66 million. The Franklin Templeton BTC ETF (EZBC) netted $5.21 million, and the VanEck Bitcoin ETF (HODL) gained $5.08 million.
Finally, the Valkyrie Bitcoin Fund (BRRR) added a humble $1.7 million to its fund.
Ethereum ETFs
Looking at Ethereum ETFs, data from SoSoValue shows a majority of funds had neutral flows, but they did post $1.52 million in net inflows for Sept. 13—a rare sight.
Ethereum ETF flows. Source: SoSoValue
The Bitwise Ethereum ETF (ETHW) had a rare day of positive inflows, netting $5.21 million, the largest the fund has recorded since the beginning of Aug.
The only other gainer for the day was BlackRock’s iShares Ethereum Trust (ETHA), which posted a humble $3.67 million in net inflows amid a period of relative inactivity for the top-performing ETH ETF fund.
With this, ETHA has now seen $1.03 billion in cumulative net inflows, more than double that of its nearest competitor, Fidelity.
There was just one fund posting negative flows, the Grayscale Ethereum Trust (ETHE), which shed $7.36 million in net outflows.
This brings its cumulative net outflow to a tough $2.72 billion, leaving just $4.21 billion in the fund. At this pace, ETHE could be depleted by this time next year as it has not seen a single day of net inflows since launching.
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.
