At the end of the day on Friday, U.S. spot bitcoin exchange-traded funds (ETFs) reported a substantial $252 million in net gains. In contrast, ether ETFs continued their downward trend, losing another $5.7 million.
Bitcoin ETFs Soar With $252M Influx, Ether ETFs Experience Another Day of Losses
This article was published more than a year ago. Some information may no longer be current.
WRITTEN BY
SHARE
Bitcoin ETFs Shine with $252M Inflows; Ether Funds Dip by $5.7M
Spot bitcoin ETFs achieved their highest inflow since late July, with the 12 funds collectively pulling in $252 million on Friday. Leading the charge, Blackrock’s IBIT added $86.83 million to its coffers, bringing its total net inflows since Jan. 11, 2024, to an impressive $20.71 billion. Fidelity’s FBTC followed, gathering $64 million, while Grayscale’s Mini Bitcoin Trust absorbed $50.83 million.
Bitwise’s BITB recorded $42.26 million in inflows, and Ark Invest’s and 21shares’ ARKB fund pulled in $23.81 million. Vaneck’s HODL added $14.38 million, and the Inveso and Galaxy-backed BTCO captured $3.18 million. Valkyrie’s BRRR rounded out the day with a $2.25 million gain. Meanwhile, Grayscale’s Bitcoin Trust (GBTC) faced a challenging day, shedding $35.55 million.
EZBC, BTCW, and DEFI all remained neutral, with neither inflows nor outflows recorded. Friday’s $252 million influx pushed cumulative net inflows since Jan. 11 to a total of $17.88 billion, with approximately $3.12 billion in trade volume registered yesterday. Currently, the 12 bitcoin ETFs hold $58.43 billion in bitcoin reserves, representing 4.65% of bitcoin’s total market capitalization.
Ether ETFs, however, faced another challenging day, with a $5.7 million outflow. Friday saw about $215.70 million in ether ETF trade volume. The $5.7 million loss adds to the cumulative net outflows, now totaling around $464.65 million since July 23. Vaneck’s ETHV fund led the day’s inflows, bringing in $2.01 million, followed by Bitwise’s ETHW with $1.38 million in gains.
Fidelity’s FETH fund saw a more modest addition of $685,980 during Friday’s session. Grayscale’s Mini Ether Trust, along with ETHA, EZET, QETH, and CETH, recorded no gains or losses. On the downside, Grayscale’s ETHE experienced a $9.77 million outflow. The nine ether ETFs now collectively hold $7.65 billion in ether reserves, accounting for 2.31% of ether’s total 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.
Bitcoin.com News is seeking a News Writer to produce daily content on cryptocurrency, blockchain, and the digital currency ecosystem. If you are interested in becoming a key member of our innovative global team, apply here.
