ETF Inflows Surge: Bitcoin Rakes in $158M, Ether Funds Add $5M

Bitcoin, Ether ETFs Show Positive Inflows as Reserves Climb

Leading the charge on Thursday, Ark Invest and 21shares’ ARKB fund attracted a hefty $81.07 million. Fidelity’s FBTC followed closely, reeling in $49.88 million. Meanwhile, Bitwise’s BITB secured $10.36 million, with Grayscale’s Bitcoin Mini Trust adding $9.54 million to its coffers.

Franklin Templeton’s EZBC rounded off the gains with $7.35 million in positive inflows. Major funds like IBIT, GBTC, HODL, BRRR, BTCO, BTCW, and DEFI had a flat day, neither gaining nor losing ground.

With the latest $158.21 million added, the total net inflows since Jan. 11, 2024, now stand at $17.6 billion. Thursday saw about $1.44 billion worth of bitcoin traded, and collectively, the 12 funds now hold $57.82 billion in BTC reserves, representing 4.64% of bitcoin’s total market cap.

Ether ETFs didn’t miss out either, with nine funds accumulating a total of $5.24 million. All the ether action came from Blackrock’s ETHA, which scooped up the entire $5.24 million. Other funds like ETHE, ETH, FETH, ETHW, ETHV, EZET, QETH, and CETH stayed neutral with no gains or losses.

In total, $250.84 million in ether ETFs were traded, and as of now, the nine funds hold $6.7 billion in ETH reserves, accounting for 2.26% of ethereum’s market capitalization based on Sept. 20’s ETH exchange rates.

What do you think about Thursday’s ETF action? Share your thoughts and opinions about this subject in the comments section below.