Bitcoin ETFs Bag $1.1 billion and Ethereum ETFs Set a New Inflow Record

• BTC ETFs command $90.6 billion in net assets or 5.27% of BTC’s market cap.
• Bitcoin has climbed over 27% in the past 7 days and is trading at all-time-high prices above $87,000.
• ETH ETFs hold $9.27 billion in net assets or 2.42% of ETH’s market cap.

U.S. spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) have pulled over $1.4 billion in combined net inflows on Nov. 11 as funds ride the market high.

As the bull market continues to gather momentum, eyes are on ETH ETFs, which have pulled record-breaking inflows and unwinding months of mixed flows.

Bitcoin ETFs

As per SoSoValue, Bitcoin ETFs raked a gigantic $1.11 billion  in total net inflows on Nov. 11, 2024, marking day four of a record-breaking inflow streak.

Since Nov. 6, BTC ETFs have pulled over $3 billion in net inflows.

BlackRock’s iShares Bitcoin Trust (IBIT) leads the flows with $756.45 million in net inflows, raising its cumulative net inflows total to $28.14 billion. IBIT commands a total of $39.92 billion in net assets or 2.32% of BTC’s market cap.

Fidelity’s Wise Origin Bitcoin Fund (FBTC) pulled $135.07 million, raising its cumulative net inflows to $10.9 billion. This places FBTC as the second-best-performing fund under IBIT. With $16.73 billion in net assets, it will soon surpass Grayscale.

ARK 21Shares Bitcoin ETF (ARKB) took in $108.62 million, followed by the Bitwise Bitcoin ETF (BITB) which bagged $42.66 million.

The Grayscale Bitcoin Trust (GBTC) relished some modest gain, tallying $24.23 million in net inflows. However, the fund has a long way to go if it hopes to undo the sore $20.16 billion in cumulative net outflows it’s accrued since launch.

As for the smaller gainer, the Franklin Templeton Digital Holdings Trust (EZBZ) captured $10.09 million of the day’s flows, and finally, the Invesco Galaxy Bitcoin ETF (BTCO) recorded a modest $8.7 million in net inflows.

Ethereum ETFs

As per SoSoValue data, Ethereum ETFs are on a major winning streak and posted $295.48 million  in net inflows on Nov. 11, their biggest day of inflows ever.

Capturing the lion’s share, Fidelity’s Ethereum Fund (FETH) bagged an impressive $115.48 million, its largest single day of inflows.

Following closely behind, BlackRock’s leading ETH fund, the iShares Ethereum Trust (ETHA), bagged $101.11 million, raising its cumulative net inflows to $1.54 billion.

The Grayscale Ethereum Mini Trust has seen its biggest inflows to date, tallying a solid $63.32 million. Finally, The Bitwise Ethereum ETF (ETHW) secured $15.57 million.

In the weeks prior, Ethereum ETFs were beginning to show signs of promise as the inflow and outflow rates were, more or less, balancing each other out.

Since late July, ETH ETFs’ cumulative total net inflows have been negative, ranging between—$400 and—$600 million on average. As of Nov. 11, this figure now sits at—$41.3 million, the lowest since July.

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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