Bitcoin and Ethereum ETFs continue to break records.
(Photo by Spencer Platt/Getty Images)
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Key Takeaways
U.S. spot BTC ETFs hold $95.4 billion in net assets or 5.38% of BTC’s market cap.
Bitcoin and Ethereum ETFs traded a combined $8.7 billion in value on Nov. 13, the highest since March.
U.S. spot ETH ETFs command $9.48 billion in net assets or 2.48% of its market cap.
U.S. spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) continue to draw hundreds of millions as institutional enthusiasm toward crypto reaches a fever pitch.
With BTC now pushing toward $100,000, ETH trails slowly behind as it attempts to retake $4,000, and ETF investors may provide the nudge it needs to get it over the line.
According to the latest data from SoSoValue, Bitcoin ETFs are on a roll, pulling in another $510.11 million in net inflows on Nov. 13, 2024.
Since the beginning of the week, BTC ETFs have seen over $2.5 billion poured into funds.
Bitcoin ETF flows. Source: SoSoValue
Up top, BlackRock’s iShares Bitcoin Trust (IBIT) has reached day 5 of its own inflow streak, netting a further $230.81 million, raising its cumulative net inflow to $29.15 billion.
The reigning champion of BTC ETFs now commands a gigantic $42.56 billion in net assets.
Fidelity’s Wise Origin Bitcoin Fund (FBTC) follows close behind with $186.07 million, bringing its cumulative net inflows to $11.12 billion.
Having seen $11.12 billion in cumulative net inflows, FBTC is the second-best performing fund.
The Grayscale Bitcoin Mini Trust captured $61.3 million in net inflows.
With a modest cumulative net inflow of $646.35 million, the mini fund—which launched six months after its competitors—is now outperforming the Grayscale Bitcoin Trust (GBTC), which has seen cumulative net outflows of $20.18 billion.
ARK 21Shares Bitcoin ETF (ARKB) had a humble net inflow of $14.47 million, as did Bitwise’s Bitcoin ETF (BITB) with $12.33 million.
Finally, the VanEck Bitcoin ETF (HODL) netted a cool $5.12 million.
Ethereum ETFs
As per SoSoValue, Ethereum ETFs are finally reversing months of sluggish underperformance.
On Nov. 13, they bagged $146.89 million, marking day six of their record-breaking inflow streak.
This is also the third day—since funds launched—that ETH ETFs’ cumulative total net inflows are in the green.
Ethereum ETF flows. Source: SoSoValue
Leading today’s gainers, Fidelity’s Ethereum Fund (FETH) tallied $101.72 in net inflows to its fund, which has seen $774.54 million in cumulative net inflows.
This ranks it second behind BlackRock’s iShares Ethereum Trust (ETHA), which bagged $36.63 million in net inflows. ETHA has seen $1.71 billion in cumulative net inflows.
The Bitwise Ethereum ETF (ETHW) has also performed well, capturing a cool $13 million, bringing its cumulative net inflows to $373.21 million.
Unfortunately, the Grayscale Ethereum Trust (ETHE) has been left out of the ETH ETF resurgence, shedding $5.6 million from its dwindling fund.
Since launching, ETHE has not seen a single day of inflows. So far, its cumulative outflows stand at $3.18 billion.
As always, there is a risk that deeper outflows from ETHE could, once again, disproportionately affect the daily and weekly flow results for ETH ETFs.
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.
