$870M Flows Into Bitcoin ETFs, Pushing Reserve Holdings to 5% of BTC’s Market Cap

CN
4 hours ago

Crypto ETFs have delivered solid returns over the past two weeks according to stats collected by sosovalue.xyz. On Tuesday, as bitcoin (BTC) hovered near its all-time high, the 12 bitcoin ETFs gained $870.02 million. Leading the pack, Blackrock’s IBIT fund brought in $642.87 million, boosting IBIT’s reserves to 408,253.09 BTC. Fidelity’s FBTC followed with $133.86 million, while Bitwise’s BITB absorbed $52.49 million.

Grayscale’s Bitcoin Mini Trust trailed BITB with $29.20 million in positive flows, while Vaneck’s HODL captured $16.52 million. ARKB, the BTC fund managed by Ark Invest and 21shares, brought in $12.39 million. These were the only funds that saw gains, as Grayscale’s GBTC saw an outflow of $17.30 million. The rest of the bitcoin funds stayed neutral with no net movement.

The $870.02 million boost brought the total net inflows for the 12 funds since Jan. 11, 2024, to $23.28 billion. Trading volume on Tuesday reached $4.75 billion among the spot bitcoin ETFs. Combined, BTC ETFs now hold $72.55 billion—accounting for 5.07% of bitcoin’s market cap. Alongside these gains, the nine spot ETH ETFs brought in $7.65 million, with Blackrock’s ETHA alone pulling in $13.62 million.

Blackrock led the ETH funds, while Grayscale’s ETHE offset gains with a $5.97 million outflow. Since July 23, Grayscale’s ETHE has seen over $3 billion in outflows. The other funds saw no changes, ending the day flat. The $7.65 million inflow reduced cumulative net outflows since July 23 to $497.92 million. According to sosovalue.xyz metrics, Tuesday’s trading volume reached $280.55 million, with the nine ETH funds collectively holding $7.26 billion in ether, or 2.3% of the total supply.



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