On Tuesday, 12 bitcoin exchange-traded funds (ETFs) pulled in a hefty $186.76 million in inflows, while nine ether ETFs saw yet another round of outflows. The primary source of the ether losses? Grayscale’s ETHE, which has experienced a $2.75 billion outflow since July 23.
Bitcoin ETFs Boosted by $186.76M; Grayscale’s Ether Fund Struggles
This article was published more than a year ago. Some information may no longer be current.
WRITTEN BY
SHARE
Bitcoin ETFs Shine as Ether Funds Stumble Again
As reported by sosovalue.xyz, the 12 bitcoin ETFs saw a collective gain of $186.76 million. Fidelity’s FBTC led the pack with $56.61 million, followed by Bitwise’s BITB, which added $45.35 million.
Ark Invest and 21shares’ ARKB chipped in with $42.17 million, while Vaneck’s HODL claimed fourth place at $20.48 million. Invesco and Galaxy’s BTCO brought in $10.19 million.
Franklin Templeton’s EZBC and Wisdomtree’s BTCW rounded out the gains with $8.74 million and $3.2 million, respectively. The cumulative inflows since Jan. 11, 2024, now stand at an impressive $17.5 billion.
Tuesday alone saw $2.27 billion in trade volume, with the 12 funds collectively holding $54.84 billion in bitcoin—about 4.62% of the total market cap.
On the flip side, the nine ether ETFs recorded $15.11 million in outflows on Sept. 17. Grayscale’s ETHE was the biggest loser, shedding $17.89 million. Fortunately, Grayscale’s Ethereum Mini Trust helped soften the blow with $2.77 million in inflows.
A total of seven funds had a neutral day, with no gains or losses. The $15.11 million in outflows pushes the cumulative total since July 23 to $605.84 million. Combined, the nine ETFs hold $6.41 billion in ether reserves, representing 2.27% of ether’s market cap.
What do you think about Tuesday’s spot crypto ETF action? Share your thoughts and opinions about this subject in the comments section below.
About the author
WRITTEN BYJamie RedmanNews Lead
Jamie Redman is the News Lead at Bitcoin.com News and a financial technology journalist based in Massachusetts.
