According to the latest crypto exchange-traded fund (ETF) data, spot bitcoin ETFs snagged $12.9 million in gains on Monday, while spot ethereum ETFs faced a $9.51 million loss.
Bitcoin ETFs Rise With $12.9M Gains While Ether ETFs Struggle
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Bitcoin ETFs Continue to Grow, While Ethereum Funds Lose Ground
Leading the charge among the 12 bitcoin funds was Blackrock‘s IBIT, which pulled in $15.82 million in inflows. This bump brings IBIT’s total net inflows since Jan. 11, 2024, to a hefty $20.92 billion. Close behind, Fidelity’s FBTC gathered $5.06 million, and Franklin Templeton’s EZBC wasn’t far off with $5.04 million. Vaneck’s HODL secured $4.91 million, while Grayscale’s Bitcoin Mini Trust added $2.82 million, as per sosovalue.xyz figures.
However, Grayscale’s GBTC saw $20.75 million withdrawn, countering the gains. This divestment pushes GBTC’s net outflows since Jan. 11 to about $20.06 billion. Meanwhile, ARKB, BITB, BRRR, BTCO, BTCW, and DEFI stayed flat, recording neither gains nor losses on Monday. With the extra $12.9 million, the 12 funds have racked up a total of $17.31 billion in net inflows since their inception.
On the flip side, ethereum ETFs had a tougher day, shedding $9.51 million across nine funds. Blackrock’s ETHA and Grayscale’s Ethereum Mini Trust bucked the trend, taking in $4.16 million and $2.29 million, respectively. Grayscale’s ETHE had the biggest loss, parting with $13.83 million, followed by Bitwise’s ETHW with a $2.13 million divestment.
The rest—FETH, ETHV, EZET, QETH, and CETH—stayed neutral, posting no gains or losses. The $9.51 million in outflows pushed the cumulative net outflows for the nine ethereum funds to $590.73 million since July 23. Sosovalue.xyz stats show the nine funds collectively hold $6.22 billion in ether, representing 2.27% of ETH’s market cap. The 12 spot bitcoin ETFs, on the other hand, control $52.57 billion in BTC, equating to 4.61% of the cryptocurrency’s total market value.
What do you think about Monday’s spot bitcoin and ether ETF action? Share your thoughts and opinions about this subject in the comments section below.
