Weekly data for crypto ETFs revealed contrasting fortunes for bitcoin and ether ETFs. Spot bitcoin ETFs attracted $307.2 million in net inflows, while spot ether ETFs posted a combined loss of $185.89 million.
Bitcoin ETFs Close the Week in Green As Ether ETFs Plummet
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$185 Million Outflows for Ether ETFs Amid Decent Gains for Bitcoin ETFs
Bitcoin exchange-traded funds (ETFs) closed the week in the green, despite outflows during the week.
From Jan. 6 to Jan. 10, the 12 U.S. bitcoin spot ETFs had a combined net inflow of $307.2 million. This was according to metrics from Sosovalue. Blackrock’s IBIT led the weekly inflows, adding $497.58 million to its fund. Fidelity’s FBTC also saw inflows of $41.83 million.
However, Ark Invest’s and 21shares’ ARKB had a weekly net outflow of $202.24 million along with Bitwise’s BITB and Grayscale’s GBTC outflows of $55.48 million and $47.08 million respectively.
On the ether side, it was all gloom with ether spot ETFs recording a weekly outflow of $185.89 million. Fidelity’s FETH delivered the greatest part of the outflows, with $276.13 million flowing out of the fund. Grayscale’s ETHE also saw outflows of $16.22 million.
Only Blackrock’s ETHA achieved a weekly net inflow of $124.11 million. Funds like ETHV (Vaneck), EZET (Franklin), QETH (Invesco), and CETH (21Shares) maintained neutral stances with no recorded activity.
The $185.89 million outflow trimmed the cumulative net assets to $11.61 billion, 2.96% of ethereum’s market cap.
