Spot Bitcoin ETFs Add $105M as Ether ETFs Pull in $43M on Busy Trading DayU.S. spot bitcoin ETFs enjoyed another day of inflows, bringing in $105.84 million, while spot ether funds also added $43.23 million.Blackrock’s IBIT Leads Bitcoin ETFs, While Grayscale’s Mini Ether Trust Gains the Most Ether InflowsWednesday marked another active trading session for the 12 spot bitcoin ETFs and the nine spot ether ETFs. The bitcoin ETFs saw approximately $795.88 million in volume, accumulating a total of $105.84 million. Blackrock’s IBIT led the charge, pulling in $184.38 million, while Bitwise’s BITB added $2.07 million. However, FBTC and ARKB took some of the shine off the gains.
Fidelity’s FBTC experienced a dip of $33.19 million, and Ark Invest’s ARKB shed $47.41 million. All other funds saw no changes in Wednesday’s trading. Since Jan. 11, 2024, the BTC ETFs have accumulated $17.94 billion in inflows. Collectively, the 12 funds now hold $58.04 billion, which represents 4.63% of bitcoin’s total market cap.
Spot ether ETFs weren’t left behind, pulling in $43.23 million on Wednesday. Grayscale’s Mini Ether Trust was the biggest winner, securing $26.63 million. Blackrock’s ETHA followed with $9.38 million, and Fidelity’s FETH gained $6.45 million. 21shares’ CETH also contributed with a modest $774,100.
Wednesday’s activity brought the total net outflows since July 23 to $580.94 million for ethereum ETFs. Trading volume for the day hit $124.18 million, according to sosovalue.xyz data. Altogether, the nine ethereum funds hold $7.03 billion in ether, accounting for 2.6 million ether, or roughly 2.26% of its total market cap.
Source: https://news.bitcoin.com/bitcoin-reaches-65k-market-braces-for-major-options-expiry/
