Friday’s Big Moves: Bitcoin ETFs Dominate With Fresh Inflows – Here’s What You Missed

CN
4 hours ago

The 12 spot bitcoin ETFs handled around $2.23 billion in trades throughout Friday’s session, with a total inflow of $273.71 million based on sosovalue.xyz data. Ark Invest’s and 21shares’ ARKB took the lead with $109.86 million, closely followed by Blackrock’s IBIT at $70.41 million. Next up were Bitwise’s BITB, which captured $35.96 million, and Vaneck’s HODL, which pocketed $23.34 million.

Fidelity’s FBTC secured $18.03 million, while Invesco’s BTCO brought in $16.11 million. For the rest of the funds, it was a neutral trading day with no gains or losses reported. The cumulative inflows since Jan. 11, 2024, now stand at $20.94 billion. As of Saturday, Oct. 19, the 12 ETFs control $66.11 billion in bitcoin, accounting for 4.89% of bitcoin’s market value.

Meanwhile, sosovalue.xyz stats revealed the nine ether ETFs posted a modest gain of $1.91 million. Total trading volume hit $139.46 million, but only one fund emerged as a winner. Bitwise’s ETHW was the sole fund to register an inflow, netting the entire $1.91 million. The other eight funds remained at zero gains or losses for Friday. Since their launch on July 23, ether ETFs have been in the red by $479.99 million.

That $1.91 million is barely a scratch compared to what’s needed to cover previous losses. Still, the nine ethereum ETFs hold $7.35 billion in ether, representing 2.31% of ETH’s market cap. Both sets of bitcoin and ether ETFs have seen a decent week compared to previous ones. As for how long this streak will continue, it’s anyone’s call.

What are your thoughts on Friday’s crypto ETF action? Let us know what you think in the comments section below.

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