Bitcoin ETFs Net $190M Inflows, Ethereum ETF Outflows Led by Grayscale

• Bitcoin ETFs now command $54.84 billion in net assets or 4.62% of BTC’s market cap.
• Ethereum ETFs hold $6.41 billion in net assets or 2.27% of ETH’s market cap.
• Grayscale’s primary BTC and ETH funds have over $22.75 billion in combined outflows.

U.S. spot Bitcoin (BTC) exchange-traded funds (ETFs) are back in the groove with yet another sizeable day of net inflows. Meanwhile, Ethereum (ETH) funds are struggling to find their feet with no thanks to Grayscale’s outflows.

Bitcoin ETFs

As per data from SoSoValue, BTC ETFs are returning to form  with a total net inflow of $186.76 million on Sept. 17, marking day 4 of a renewed inflow streak.

Leading the pack of today’s gainers is Fidelity’s Wise Origin Bitcoin Fund (FBTC) with $56.61 million, raising its cumulative inflows to $9.7 billion.

Bitwise Bitcoin ETF (BITB) trailed closely behind with $45.35 million, followed by ARK 21Sares’ Bitcoin ETF (ARKB), which posted $42.17 million in net inflows.

The VanEck Bitcoin ETF (HODL) captured $20.48 million of the day’s inflows, and Invesco Galaxy’s Bitcoin ETF (BTCO) made a rare appearance with a modest $10.19 million in net inflows.

As for the smaller gainers, the Franklin Templeton Digital Holdings Trust (EZBC) caught $8.74 million in net inflows on day four of its longest inflow streak since March 27. The WisdomTree Bitcoin Trust (BTCW) also made a rare showing, netting a humble $3.2 million to its fund.

Surprisingly, that’s all. Not a single fund recorded net outflows, and the remaining ETFs, including outflow champ Grayscale, were neutral for the day.

ETH ETFs

As per SoSoValue, ETH ETFs saw net outflows  of $15.11 million on day two of their outflow streak.

Just one ETH fund saw net inflows, the Grayscale Mini Ethereum Trust (ETH), which bagged just $2.77 million.

On the other hand, the Grayscale Ethereum Trust (ETHE) once again posted net outflows, shedding $17.89 million from its portfolio.

With $2.75 billion in cumulative net outflows, ETHE has (almost) singlehandedly dragged the Ethereum ETF flow results down with its ceaseless outflows.

Since launching, ETHE has seen just four days of neutral flows and not one day of net inflows. Seemingly, Grayscale’s lower-fee “mini fund” gambit isn’t paying off.

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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