Bitcoin ETFs See $365M Inflows as Ether Funds Slip

ARKB Tops Bitcoin ETF Gains as Ether Funds Fall by $675K

U.S. bitcoin ETFs saw a hefty $365.57 million in positive inflows on Thursday, with Ark Invest and 21shares’ ARKB leading the charge. ARKB pulled in an impressive $113.82 million, followed by Blackrock’s IBIT, which brought home $93.38 million, as per sosovalue.xyz data.

Fidelity’s FBTC wasn’t far behind, racking up $74 million, while Bitwise’s BITB fund added $50.38 million to its coffers. Vaneck’s HODL also secured $22.10 million in inflows, and Invesco and Galaxy’s BTCO pulled in $6.47 million.

Franklin Templeton’s EZBC trailed just behind BTCO with $5.66 million, while Valkyries’ BRRR collected $4.61 million. Grayscale’s Bitcoin Mini Trust rounded out the day with $2.87 million. On the neutral side, Wisdomtree’s BTCW and Hashdex’s DEFI didn’t budge, showing neither gains nor losses.

However, Grayscale’s GBTC saw an outflow of $7.74 million. The overall positive inflows of $365.57 million boosted cumulative net inflows to $18.31 billion since Jan. 11, 2024. Meanwhile, the nine ether ETFs took a slight hit, losing $675,450, according to sosovalue.xyz stats.

Still, some funds had a good day—Fidelity’s FETH led the gains, securing $15.92 million, with Blackrock’s ETHA close behind, pulling in $14.85 million. Invesco’s QETH brought in $1.99 million, and Vaneck’s ETHV added $971,560. Bitwise’s ETHW saw $951,870 in inflows, and 21shares’ CETH added $663,390.

However, these gains were offset by Grayscale’s ETHE, which lost $36.02 million. Currently, the nine spot ether ETFs hold $7.22 billion in ETH, while the 12 spot bitcoin ETFs command a solid $60.03 billion. The ether funds now represent 2.28% of ethereum’s total market value, while the bitcoin ETFs account for 4.7% of all BTC in circulation.

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.