On Friday, U.S. spot bitcoin exchange-traded funds (ETFs) continued their upward momentum, raking in a sizable $494.27 million in inflows. Spot ethereum ETFs followed suit, adding $58.65 million to their tally.
Bitcoin ETFs Pull in Nearly Half a Billion as Ethereum ETFs Join the Party
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Bitcoin ETFs Lead the Charge with $494M Inflows; Ethereum ETFs See Strong Growth
Data from sosovalue.xyz shows that 12 U.S. spot bitcoin ETFs collectively brought in $494.27 million. ARKB led the pack, pulling in a net gain of $203.07 million. Hot on its heels was FBTC, securing $123.61 million, while IBIT claimed $110.82 million in the same trading session.
Meanwhile, GBTC pocketed $26.15 million, BITB enjoyed $12.91 million, HODL grabbed $11.17 million, and BTCO added $3.28 million to its account. Just behind BTCO was BRRR, which captured $3.26 million in Friday’s action. No other funds experienced gains or losses. Since Jan. 11, these 12 ETFs have amassed a cumulative net inflow of $18.8 billion. At the moment, the funds hold $61.21 billion worth of bitcoin ( BTC), representing 4.71% of the total supply.
Ethereum ETFs also had a productive day on Friday, drawing in $58.65 million. Fidelity’s FETH led the charge with $42.54 million, followed by ETHA with $11.46 million. ETHW added $5.43 million in gains, while QETH pulled in $4.32 million. Grayscale’s ETH Mini Trust gathered $2.29 million, ETHV snagged $1.98 million, and CETH added $1.35 million to the pot.
Despite Friday’s positive movement, the nine ethereum funds are still in the red, down by $522.97 million since July 23. The ether ETFs saw $249.09 million traded on Friday, with all nine funds now holding a combined $7.44 billion in ether ( ETH), which represents 2.3% of the cryptocurrency’s $319 billion market value.
What do you think about the spot bitcoin and ether ETF action on Friday? Share your thoughts and opinions about this subject in the comments section below.
