Key Takeaways

  • Bitcoin ETFs have a total net asset value of $64.46 billion in BTC, or 4.82% of its market cap.

  • BlackRock’s BTC and ETH ETFs saw total inflows of $23.69 billion.

  • The Ethereum ETF owns $7.19 billion in ETH, or 2.28% of its market cap.

U.S. spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) are in bullish territory as BTC funds attract hundreds of millions and ETH fund flows begin to trend in the green.

Bitcoin ETF

According to data from SoSoValue, Bitcoin ETFs saw $458.54 million in cumulative net inflows as of October 16, 2024. More than $1.38 billion has poured into Bitcoin funds since Monday.

Bitcoin ETF flows.

BlackRock’s iShares Bitcoin Trust (IBIT) received the vast majority of the day’s inflows, bringing in a massive $393.4 million in net inflows. This was the largest one-day inflow since July 22, increasing its cumulative net inflows to $22.46 billion.

The second-best performing fund was Fidelity’s Wise Origin Bitcoin Fund (FBTC), which saw net inflows of $14.81 million, bringing its cumulative net inflows to $10.27 billion.

The Bitwise Bitcoin ETF (BITB) received $12.93 million, and the Franklin Templeton Digital Holdings Trust (EZBC) received $11.79 million. The ARK 21Shares Bitcoin ETF (ARKB) had net inflows of $11.51 million.

On the low end, Invesco’s Galaxy Bitcoin ETF (BTCO) raised $6.43 million and VanEck’s Bitcoin ETF (HODL) nabbed $5.75 million. Finally, the Valkyrie Bitcoin Fund (BRRR) saw net inflows of $1.92 million.

All other funds, including Grayscale, had neutral flows. On October 16, the total volume of transactions was $1.58 billion.

ETH ETF

According to data from SoSoValue, Ethereum ETFs have recorded $24.22 million in net inflows as investors slowly gain interest in ETH funds.

Ethereum ETF flows.

BlackRock’s iShares Ethereum Trust (ETHA) topped the list with a total portfolio of $11.89 million. ETHA was the best performing fund with cumulative net inflows of $1.22 billion.

Next, Fidelity’s Ethereum Fund (FETH) received $8.5 million from the day’s inflows, increasing its cumulative net inflows to $466.9 million. Finally, VanEck’s Ethereum Trust (ETHV) saw modest net inflows of $3.83 million after 10 days of neutral inflows.

Judging by the numbers, the ETH fund is a bit lackluster.

However, positive trends have slowly started to emerge over the past few weeks. Even though they haven’t quite reached the hundreds of millions, investors seem to be taking an interest in some of the ETFs on the market.



It should be emphasized that this article is for reference only and does not represent investment advice.