Bitcoin ETFs Continue to Register Positive Inflows, While Ethereum Funds Stuggle
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On Thursday, U.S. spot bitcoin ETFs saw a significant boost, with $64.91 million in net inflows, continuing a positive trend for the sixth straight day.
BlackRock’s IBIT led the pack with the highest inflow of $75.49 million. Other notable performers included Fidelity’s FBTC with $9.23 million, Ark and 21Shares’ ARKB with $7.83 million, and WisdomTree’s BTCW with $4.8 million.
However, Grayscale’s GBTC experienced $28.36 million in outflows, and Bitwise’s BITB saw $11.5 million exit the fund.
In contrast, spot Ethereum ETFs faced outflows totaling $874,610, reversing the previous day’s trend. Grayscale’s ETHE, the sole Ethereum ETF with outflows, lost $19.84 million.
Meanwhile, Fidelity’s FETH saw the largest inflows among Ethereum funds with $14.33 million, followed by smaller inflows into Grayscale’s Ethereum Mini Trust and VanEck’s ETHV.
Overall, trading volume for Bitcoin ETFs dropped to $889.67 million from Wednesday’s $1.42 billion. For Ethereum ETFs, the volume fell to $93.87 million from $201 million the day before. Bitcoin’s price edged up slightly to $60,988, while ether increased to $2,668.
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