Ether ETFs Snag Gains While Bitcoin Funds Realize $79M in Outflows

CN
4 hours ago

The 12 spot bitcoin ETFs struggled, shedding $79.09 million overall. However, three ETFs saw a bit of sunshine. Blackrock‘s IBIT pulled in a solid $42.98 million, Fidelity’s FBTC added $8.85 million, and Vaneck’s HODL scooped up $3.82 million. Even with these gains, Ark Invest and 21shares’ ARKB faced a tough day, losing $134.74 million, according to sosovalue.xyz metrics.

For the rest of the bitcoin ETFs, it was a flat day, with no notable moves in either direction. This $79.09 million loss nudges the total net inflows gathered since Jan. 11 down to $21.15 billion. On Tuesday alone, approximately $1.4 billion worth of bitcoin was traded, and the 12 funds currently hold $65.12 billion in BTC reserves. While bitcoin had a down day, spot ether ETFs managed to pocket $11.94 million.

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Blackrock’s ETHA led the way for ether, claiming the day’s entire gain, while the remaining ethereum ETFs held steady without any shifts. This gain chipped away at cumulative net outflows, reducing the total to $488.85 million since July 23. Tuesday saw $118.4 million worth of ether traded across the ETH ETFs, which now hold $7.26 billion in reserves, according to sosovalue.xyz stats.

The recent activity in U.S. spot bitcoin and ether ETFs reveals contrasting market dynamics. While bitcoin funds faced a setback, notable inflows into ether and select bitcoin ETFs signal continued investor interest. These shifts hint at ongoing market recalibrations, suggesting that despite temporary fluctuations, strategic plays may still be unfolding in the broader crypto investment ecosystem.

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