On Thursday, U.S. spot bitcoin exchange-traded funds (ETFs) continued their winning streak for the sixth day in a row, amassing $64.91 million. Meanwhile, the nine spot ether ETFs experienced a modest outflow, losing $874,610.
Bitcoin ETFs Extend Winning Streak as Ether Funds Slip Into Red
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Bitcoin ETFs on a Roll With $64.91M Boost, Ether ETFs Falter
In detail, Thursday saw 12 U.S. spot bitcoin ETFs once again in the green, collectively pulling in $64.91 million. Leading the charge was Blackrock’s IBIT, which secured a hefty $75.49 million. Fidelity’s FBTC followed, adding $9.23 million to its tally. Ark Invest and 21shares’ ARKB drew in $7.83 million, Wisdomtree’s BTCW gained $4.8 million, and Grayscale’s Mini Bitcoin Trust captured $4.01 million.
Vaneck’s HODL rounded out the gainers, pocketing $3.41 million on Thursday. On the other hand, BRRR, BTCO, EZBC, and DEFI remained steady with no inflows or outflows. The $64.91 million boost pushed cumulative net inflows since Jan. 11 to approximately $17.62 billion. With around $899.67 million traded on Thursday, the 12 funds now collectively hold $55.13 billion in BTC. While bitcoin ETFs continued their upward trend, ether ETFs faced a tougher time.
Ether ETFs saw a total outflow of $874,610, with Thursday’s trading volume reaching about $93.87 million. This outflow raised the cumulative net losses to $458.95 million, keeping the ether ETFs firmly in the red. However, not all ether funds struggled. Fidelity’s FETH led the way, gathering $14.33 million, followed by Grayscale’s Mini Ethereum Trust, which brought in $3.68 million.
Vaneck’s ETHV was the final gainer of the day, pulling in $954,100, while ETHA, ETHW, EZET, QETH, and CETH saw no movement. After Thursday’s session, data from sosovalue.xyz shows that the ETH ETFs now hold $7.27 billion in ether, representing 2.30% of ethereum’s market valuation.
What do you think about the spot bitcoin and ether ETF action on Thursday? Share your thoughts and opinions about this subject in the comments section below.
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