On Friday, the 12 U.S. spot bitcoin exchange-traded funds (ETFs) shook things up, recording net inflows of $253.54 million. Meanwhile, the nine spot ethereum ETFs had a rougher day, with modest outflows totaling around $97,110.
Bitcoin ETFs Climb With $253M Inflows as Ethereum Funds Show Weakness
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Friday’s Crypto ETF Action
The spot bitcoin ETFs saw gains, pulling in $253.54 million in total on Oct. 11. Fidelity’s FBTC took the crown, collecting $117.10 million, followed by Ark Invest’s and 21shares’ ARKB with $97.58 million.
Bitwise’s BITB added $38.81 million to the pot, and Vaneck’s HODL contributed $14.26 million, according to sosovalue.xyz stats. Invesco’s BTCO chipped in with $7.88 million, but Grayscale’s GBTC put a slight dent in the gains with outflows of $22.09 million.
The rest of the funds had a steady day, showing neither gains nor losses. The latest inflows have brought the year-to-date cumulative total to $18.81 billion, with the 12 funds now holding $58.66 billion in BTC reserves.
After a couple of flat trading days, the nine spot ethereum ETFs saw a dip on Friday, losing $97,110. Fidelity’s FETH managed to rake in $8.61 million, but Grayscale’s ETHE gave back $8.71 million.
The remaining ether ETFs remained unchanged with neither gains nor losses. With this latest reduction, the nine funds’ cumulative net outflows now stand at $558.88 million, while their total ether reserves sit at $6.74 billion.
What do you think about the crypto ETF action on Friday? Share your thoughts and opinions about this subject in the comments section below.
