Bitcoin ETFs have returned to form, yet Ethereum ETFs continue to flow red.
(Photo by Mario Tama/Getty Images)
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Key Takeaways
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.
Bitcoin ETF flows. Source: SoSoValue
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.
Bitcoin ETF flows. Source: SoSoValue
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.
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.
