Massive Inflows Push Bitcoin ETFs Higher as Ether Funds Falter

CN
4 hours ago

According to sosovalue.xyz metrics, the 12 bitcoin ETFs led by Blackrock’s IBIT collectively raked in $294.29 million on Oct. 21. Blackrock’s IBIT took center stage, snagging $329.03 million, pushing its cumulative inflows since Jan. 11 to an impressive $23.17 billion. Fidelity’s FBTC joined the winners, adding $5.9 million on Monday, making them the only two funds to finish in the green. On the flip side, four funds faced losses, with Bitwise’s BITB bearing the biggest hit.

BITB lost $22.08 million on Monday, followed by Vaneck’s HODL, which dropped $7.64 million. Ark Invest’s ARKB and Grayscale’s GBTC weren’t spared either, shedding $6.07 million and $4.85 million, respectively. The remaining ETFs saw no change, staying neutral. Over in the ether space, spot ethereum ETFs saw a $20.8 million drop, with Grayscale’s ETHE leading the outflows.

ETHE shed $29.58 million, though Blackrock’s ETHA and Vaneck’s ETHV managed to soften the blow, bringing in $4.86 million and $3.92 million, respectively. Since Jan. 11, spot bitcoin ETFs have accumulated $21.23 billion in net inflows. Meanwhile, ether ETFs have seen $500.79 million in outflows since July 23. As of now, bitcoin ETFs hold $65.34 billion in BTC reserves, while ether ETFs control $7.39 billion.

The disparity between inflows to bitcoin and ethereum ETFs highlights a shifting investor preference toward bitcoin as a more attractive option in the current ETF market environment. While bitcoin ETFs gain momentum, ether’s outflows continue to suggest waning confidence or reallocation. The contrast underscores bitcoin’s growing dominance, even as ether struggles to maintain its footing in the competitive environment.

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