On Dec. 6, as the markets painted a vivid shade of red, spot bitcoin and ethereum exchange-traded funds (ETFs) bucked the trend, attracting record-setting inflows.
Crypto ETFs Surge: ETH Net Inflows Hit $1B, BTC ETFs Reach $33B in Record-Setting Year
This article was published more than a year ago. Some information may no longer be current.
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Ether Funds Join the Billionaire Club as Bitcoin ETFs Maintain Crypto ETF Dominance
Thursday brought a flurry of activity for spot crypto ETFs. The 12 U.S. bitcoin funds collectively brought in $766.66 million in new investments, while the nine spot ether ETFs captured $428.44 million. Bitcoin-related funds saw IBIT (Nasdaq, Blackrock) lead the pack with $770.51 million, trailed by BTC (NYSE, Grayscale) with $95.35 million.
FBTC (Cboe, Fidelity) gained $47.47 million, and ARKB (Cboe, Ark Invest & 21shares) added $12.32 million. Conversely, BITB (NYSE, Bitwise) experienced a $10.22 million net outflow, while GBTC (NYSE, Grayscale) saw the largest withdrawal of $148.78 million. Other funds, including HODL (Cboe, Vaneck), BRRR (Nasdaq, Valkyrie), BTCO (Cboe, Invesco), EZBC (Cboe, Franklin Templeton), BTCW (Cboe, Wisdomtree), and DEFI (NYSE, Hashdex), had a quiet day with no inflows or outflows.
On the ethereum side, ETHA (Nasdaq, Blackrock) dominated with $292.69 million in net inflows, followed by FETH (Cboe, Fidelity) at $113.61 million. The Ethereum Mini Trust (NYSE, Grayscale) pulled in $30.69 million, while ETHW (NYSE, Bitwise) added $6.58 million. Meanwhile, ETHV (Cboe, Vaneck), EZET (Cboe, Franklin Templeton), QETH (Cboe, Invesco), and CETH (Cboe, 21shares) recorded no changes in their net positions.
These inflows brought the spot bitcoin ETFs’ cumulative net investments since Jan. 11, 2024, to a towering $33.06 billion, with the 12 funds collectively holding $109.15 billion in BTC. This stash represents 5.57% of bitcoin’s market cap. Similarly, the $428.44 million boost for ether ETFs pushed their total since July 23 past the $1 billion milestone, landing at $1.33 billion. Currently, the nine ether funds hold $12.51 billion, accounting for 2.71% of ethereum’s market cap, according to sosovalue.com.
