On Thursday, U.S. spot bitcoin exchange-traded funds (ETFs) pulled in $11.11 million, while ethereum ETFs faced a different outcome, with losses totaling $39.21 million during the day’s trading session.
US Bitcoin ETFs Gain $11M, Ether ETFs Slip by $39M on Thursday
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A Dive Into Thursday’s Crypto ETF Landscape
U.S. spot bitcoin ETFs made a slight comeback on Thursday, drawing in $11.11 million in positive inflows. Fidelity’s FBTC led the charge, pulling in $16.25 million. Grayscale’s Mini Bitcoin Trust followed closely with $13.66 million, and Bitwise’s BITB fund added $6.23 million to the tally. However, Grayscale’s GBTC took a different turn, shedding a total of $25.03 million.
The rest of the crew—IBIT, ARKB, HODL, BRRR, BTCO, EZBC, BTCW, and DEFI—had a quiet day with no inflows or outflows to report. Thanks to the added $11 million, the 12 funds’ total net inflows since Jan. 11, 2024, now stand at around $17.33 billion, as per sosovalue.xyz stats. After $1.79 billion in trades yesterday, these funds collectively hold $51.99 billion in BTC reserves.
Meanwhile, spot ether ETFs saw $39.21 million slip away, primarily due to Grayscale’s ETHE shedding $42.52 million. On a brighter note, Fidelity’s FETH led the ether pack with $2.54 million in inflows, and Blackrock’s ETHA chipped in with a more modest $770,350. Despite Thursday’s losses, ETH ETFs are still in the red regarding outflows. Currently, the nine funds are down by $405.11 million, collectively holding $7.16 billion in ETH, which represents 2.33% of ETH’s market cap.
What do you think about Thursday’s crypto ETF trading action? Share your thoughts and opinions about this subject in the comments section below.
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