The spot bitcoin and ether exchange-traded funds (ETFs) experienced a second consecutive day of inflows, as both categories of funds posted gains. On Friday, spot bitcoin ETFs drew in $92 million, while spot ether ETFs collected $2.87 million.
Spot Bitcoin and Ether ETFs Record Second Day of Inflows, Leading to Gains
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Spot Bitcoin ETFs Add $92M as Ether ETFs Navigate Mixed Market
Publicly listed, physically settled bitcoin and ethereum ETFs continued to benefit from Thursday’s inflows, with spot bitcoin ETFs raking in $92 million. Fidelity’s FBTC led the charge, securing $26.12 million, followed by Ark Invest and 21shares’ ARKB, which pulled in $21.99 million. FBTC and ARKB were trailed by BITB ($15.08 million), Grayscale’s Bitcoin Mini Trust ($13.37 million), HODL ($7.12 million), BRRR ($5.17 million), and BTCO ($3.14 million).
Some funds, including IBIT, GBTC, EZBC, BTCW, and DEFI, remained stagnant on Friday with no changes in either direction. By the end of the trading day, the cumulative net inflows of all 12 spot bitcoin ETFs totaled $17.69 billion. A modest $980.59 million in trades was settled during the day, as reported by sosovalue.xyz. Since Jan. 11, 2024, these 12 spot bitcoin ETFs have accumulated $57.47 billion in BTC reserves, accounting for 4.63% of the asset’s market cap.
On the ether side, Friday’s activity saw inflows across all nine spot ether ETFs, though only one managed to post a gain. Grayscale’s Ethereum Mini Trust was the sole standout, attracting the full $2.87 million in gains, while ETHE, ETHA, FETH, ETHW, ETHV, EZET, QETH, and CETH all remained neutral, showing neither gains nor losses.
Despite this uptick, the nine funds have seen $607.47 million in cumulative net outflows since July 23. With this latest addition, metrics show that the total ether held by all nine funds now stands at $6.92 billion, representing 2.26% of ETH’s market cap.
What do you think about Friday’s ETF action? Share your thoughts and opinions about this subject in the comments section below.
