US Bitcoin ETFs Jump by $235M, Ether Funds Experience No Change

CN
4 hours ago

On Monday, bitcoin ETFs saw inflows of $235.19 million, with Fidelity’s FBTC leading the pack by attracting $103.68 million. Blackrock followed closely, adding $97.88 million to its IBIT fund, while Bitwise’s BITB collected $13.09 million. Ark Invest and 21shares’ ARKB fund took in $12.63 million, with Vaneck’s HODL bringing in $5.37 million.

Invesco’s BTCO fund gathered $2.53 million, while the remaining funds, including Grayscale’s Mini Bitcoin Trust, GBTC, BRRR, EZBC, BTCW, and DEFI, saw no changes in inflows or outflows. Curiously, the nine U.S. spot ether ETFs also remained unchanged, with no flows reported on Monday. Since July 23, these ether funds have witnessed a cumulative $553.66 million in net outflows, and currently, the funds hold $6.7 billion in ETH reserves, accounting for 2.28% of ETH’s total market cap.

The $235.19 million added to the 12 bitcoin funds boosted the total net inflows collected since Jan. 11 to $18.73 billion. By Oct. 8, 2024, the funds held $58.81 billion in BTC reserves, representing 4.72% of bitcoin’s total market cap. Although the ether funds saw no movement, $118.43 million was traded, and bitcoin ETFs recorded $1.22 billion in trades.

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