U.S. spot ETFs for bitcoin and ethereum maintained consecutive weekly inflows with $2.17 billion and $855 million each.
Bitcoin ETFs Rack in $2.17 Billion With Ethereum ETFs Hitting New Weekly High
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Bitcoin and Ethereum ETFs Hit Significant Weekly Inflows
Bitcoin and ethereum exchange-traded funds (ETFs) hit significant weekly numbers, as both ETFs maintained their inflow streaks.
Metrics from sosovalue show that U.S. spot bitcoin ETFs had a net inflow of $2.17 billion from Dec. 9 to Dec. 13 with net inflows for five consecutive trading days. This past week’s inflow of $2.17 billion is the 6th highest since bitcoin ETFs were launched in Jan. 2024 with the all time high of $3.38 billion for weekly inflows recorded between Nov. 18 to Nov. 22.
Blackrock ETF (IBIT) had a weekly net inflow of $1.51 billion while Fidelity ETF (FBTC) had a weekly net inflow of $598.36 million. On the other hand, Grayscale ETF (GBTC) had a weekly outflow of $221.29 million.
Other gainers were Bitwise Bitcoin ETF (BITB) and Ark Invest and 21shares Bitcoin ETF (ARKB) with weekly inflows of $67.81 million and $61.52 million respectively.
Ethereum spot ETFs reached a record high for weekly net inflows with a net inflow of $855 million between Dec. 9 and Dec. 13. This surpassed the previous record of $836.69 million recorded between Dec. 2 and Dec. 6.
Blackrock ETF (ETHA) had a weekly net inflow of $523 million while Fidelity’s ETF (FETH) had a weekly net inflow of $258.63 million. In contrast, the Grayscale ETF (ETHE) had a weekly outflow of $49.23 million.
The significant weekly inflows for bitcoin and ethereum ETFs raised their total net assets to $114.97 billion and $13.78 billion respectively.
