Bitcoin and Ethereum ETF Flows Run Thin, But Mostly Positive

• Bitcoin ETFs hold $52.57 billion in net assets or 4.61% of BTC’s market cap.
• BlackRock’s BTC ETF posted its first day of inflows since Aug. 26.
• Ethereum ETFs hold $6.22 billion in net assets or 2.27% of ETH’s market cap.

U.S. spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) have begun the week with slower-than-usual flows.

Bitcoin ETFs

As per data gathered by SoSoValue, Bitcoin ETFs posted a very modest  $12.9 million in net inflows for Sept. 16, a figure rarely seen in either daily outflow or inflow results.

After 13 days of neutral flows marked by two rare days of outflows, BlackRock’s iShares Bitcoin Trust (IBIT) has finally posted net inflows of $15.82 million. Despite having spent the past two weeks in stasis, the fund remains the top performer with $20.92 billion in cumulative net inflows.

Fidelity’s Wise Origin Bitcoin Fund (FBTC) reached day six of its inflow streak, netting a modest $5.06 million. With cumulative inflows totaling $9.65 billion, FBTC is ranked second amongst competitors.

Some of the smaller funds also saw humble inflows. The Franklin Templeton Digital Holdings Trust (EZBC) scored a cool $5.04 million, bringing its cumulative net inflow to $400.16 million.

VanEck Bitcoin ETF (HODL) wasn’t far behind, with $4.91 million in net inflows. The Grayscale Bitcoin Mini Trust (BTC) trailed behind the pack with $2.82 million in net inflows.

Finally, dragging the daily results down, the Grayscale Bitcoin Trust (GBTC) saw net outflows of $20.75 million. GBTC’s outflows now total a sour $20.06 billion.

Ethereum ETFs

Moving over to Ethereum ETFs, SoSoValue data shows that funds  saw a total net outflow of $9.51 million on Sept. 16.

Capturing the lion’s share of the inflows, BlackRock’s iShares Ethereum Trust (ETHA) netted a solid $4.16 million in net inflows, raising its cumulative net inflow to $1.03 billion.

Grayscale’s Ethereum Mini Trust (ETH) was the only other fund to post net inflows, tallying $2.29 million on its balance sheet.

Apart from that, every other fund ran neutral—except, of course, for the Grayscale Ethereum Trust (ETHE), which posted net outflows of $13.83 million, bringing the fund’s cumulative net outflows to $2.74 billion.

Inflows Pending?

Unlike Bitcoin ETFs, Ethereum funds are yet to “pop off” in a way that sees billions poured into their funds.

Despite Grayscale’s $20 billion in outflows, BTC ETFs have still seen a cumulative net inflow of $17.31 billion thanks to the mighty success of other competitors.

Meanwhile, ETH ETFs are in the red, with a cumulative total net outflow of—$590.73 million. While BlackRock and Fidelity are scooping up the losses from Grayscale’s Bitcoin ETF, the same cannot be said for the ETH ETF market.

About the Author

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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