Bitcoin and Ethereum ETFs ended last week on a high.
(Photo by Spencer Platt/Getty Images)
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Key Takeaways
Bitcoin ETFs command $66.11 billion in BTC or 4.89% of its market cap.
Ethereum ETFs hold $7.35 in ETH, or 2.31% of its market cap.
Last week, BTC ETF inflows totaled over $2.1 billion in inflows.
U.S. spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) finished the week with a fifth day of solid inflows.
Bitcoin ETFs
As per SoSoValue data, Bitcoin ETFs ended last week, Oct. 18, with a sturdy $273.71 million in net inflows, bringing that week’s total to over $2.1 billion. This marks the biggest five-day period of inflows since the week of March 15.
Bitcoin ETF flows. Source: SoSoValue
Taking a rare leading position, the ARK 21Shares Bitcoin ETF (ARKB) secured $109.86 million in net inflows, bringing its cumulative net inflows to $2.86 billion.
Close behind is the top-performing fund, BlackRock’s iShares Bitcoin Trust (IBIT), which pulled in $70.41 million in net inflows. IBIT’s cumulative net inflows now stand at $22.84 billion.
The Bitwise Bitcoin ETF (BITB) captured $35.96 million, increasing its cumulative net inflows to $2.3 billion. It is followed by VanEck’s Bitcoin ETF (HODL), which tallied $23.34 million to its portfolio.
Fidelity’s Wise Origin Bitcoin Fund (FBTC) netted a modest $18.03 million. FBTC is the second-best-performing BTC fund, with $10.3 billion in cumulative net inflows. Finally, Invesco’s Galaxy Bitcoin ETF (BTCO) bagged $16.11 million.
All other funds ran neutral, and a total of $2.23 billion was traded.
Ethereum ETFs
According to SoSoValue data, Ethereum ETFs ended the week on a modest high note, posting $1.91 million in net inflows on Oct. 18.
Ethereum ETF flows. Source: SoSoValue
Only one fund saw any flow activity: the Bitwise Ethereum ETF (ETHW), which saw $1.91 million in net inflows. With $321.28 million in cumulative net inflows, ETHW is the third-best-performing ETH ETF among its competitors.
Other than that, all funds flowed neutral, and just $139.46 million was traded. Though the results for ETH ETFs are often underwhelming, funds are beginning to trend green a little more consistently.
Furthermore, the week ending Oct. 18 marks the third time that ETH ETFs have posted positive weekly inflows, which totaled a modest $78.89 million on Oct. 18.
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.
