On Monday, U.S. spot bitcoin exchange-traded funds (ETFs) attracted another round of inflows, netting $61.3 million. Meanwhile, the spot ethereum ETFs took a hit, with the nine funds collectively pulling out $822,290 during the trading session.
Bitcoin ETFs Surge Ahead With $61.3M Inflows, Ethereum ETFs Struggle
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Bitcoin ETFs Pull in Millions, Ethereum Funds Post Losses
The spotlight was on bitcoin ETFs, which gathered $61.3 million in new funds. Leading the pack, Blackrock’s IBIT gained $72.15 million, with Fidelity’s FBTC following closely, adding $8.32 million. However, not everyone saw gains—Bitwise’s BITB lost $9.67 million, and Ark Invest and 21shares’ ARKB dropped $9.5 million.
Several bitcoin funds, including GBTC, Grayscale’s Bitcoin Mini Trust, HODL, BRRR, BTCO, EZBC, BTCW, and DEFI, stayed flat, showing neither gains nor losses. Thanks to Monday’s inflows, the total net inflows since Jan. 11 have now reached $18.86 billion. Collectively, the 12 ETFs hold $59.08 billion in bitcoin reserves, making up 4.69% of bitcoin’s total market cap.
In contrast, ethereum ETFs faced losses totaling $822,290. Despite this, Blackrock’s ETHA stood out, adding $10.99 million to its tally. Grayscale’s ETHE, however, counterbalanced this gain with a $11.81 million loss. These outflows bring the cumulative net losses since July 23 to $523.79 million. Currently, the nine funds hold $7.14 billion in ether reserves, representing 2.27% of ethereum’s market cap, according to sosovalue.xyz data.
What do you think about the crypto ETF action on Monday? Share your thoughts and opinions about this subject in the comments section below.
