Bitcoin and Ethereum ETFs Pull Over $600M, BlackRock Dominant

• U.S. spot Bitcoin ETFs hold $130.28 billion in total net assets, representing 6.12% of BTC’s market cap.
• Bitcoin is trading up 2% in the past 7 days and is now above $106,000; ETH is trading down 4% at $2,420.
• Ethereum ETFs command $9.87 billion in ETH, or 3.34% of their market cap.

U.S. spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) are on a roll as hundreds of millions pour into funds as the market finds its feet following a broad market correction.

Bitcoin ETFs

According to SoSoValue data, Bitcoin ETFs raked in $588.55 million in daily net inflows on June 24, marking the eleventh day of inflows totalling over $3.3 billion.

BlackRock’s iShare Bitcoin Trust (IBIT) won the top spot, securing $436.32 million in fresh investments. IBIT is by far the leading fund with $51.65 billion in cumulative net inflows and $72.77 billion in net assets.

Fidelity’s FBTC, the second-best-performing fund, bagged a humble $85.16 million net inflows. To date, the fund has recorded $11.65 billion in cumulative net inflows and commands $20.93 billion in net assets.

The ARK 21Shares Bitcoin ETF (ARKB) garnered $43.85 million, raising its cumulative net inflows to $2.32 billion and net assets to $4.27 billion. It ranks third and fourth, respectively.

Bitwise’s Bitcoin ETF (BITB) netted a humble $9.76 million. This brings its cumulative net inflows to $2.11 billion and its net assets to $4.12 billion, ranking it fifth and sixth, respectively.

The Grayscale Bitcoin Mini Trust pulled $7.49 million. Launched six months later than other funds, it’s seen impressive growth, having recorded $1.44 billion in cumulative net inflows, and now commands $4.65 billion in net assets. It ranks fifth overall.

Finally, VanEck’s Bitcoin ETF (HODL) acquired $5.97 million, bringing its cumulative net inflows to $980.86 million, and net assets up to $1.64 billion.

Ethereum ETFs

According to data from SoSoValue, Ethereum funds have maintained momentum after a brief day of outflows and pulled $71.24 million in daily total net inflows on day two of a renewed inflow streak.

Once again, BlackRock’s iShares Ethereum Trust (ETHA) took the top spot, acquiring $97.98 million in net inflows. ETHA has tallied $5.41 billion in cumulative net inflows to date, commanding a sizeable $4.19 billion in net assets.

Fidelity’s Ethereum Fund (FETH) posted $26.74 million in net outflows. It ranks second under ETHA with $1.61 billion in cumulative net inflows and fourth with $1.15 billion in net assets.