Unlike the U.S. spot ether exchange-traded funds (ETFs), the spot bitcoin ETF equivalents experienced inflows during Friday’s trading session, totaling $51.66 million. Four funds recorded inflows, while Grayscale’s Bitcoin Trust (GBTC) saw an outflow of $26.55 million.
US Spot Bitcoin ETFs See $51.66M Inflows as Grayscale’s GBTC Deals With Outflows
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Spot Bitcoin ETFs Garner $51.66M
Grayscale’s spot ether ETF, ETHE, and its spot bitcoin ETF, GBTC, have been like a leaking ship with dominant outflows. Over four trading days, ETHE experienced $1.5 billion in outflows, and since Jan. 11, 2024, GBTC has seen $18.81 billion exit the fund.
Bitwise’s BITB emerged as Friday’s leader, absorbing $31.41 million in inflows. Blackrock’s IBIT followed with $23.16 million, while Vaneck’s HODL attracted $19.18 million. Fidelity’s FBTC saw a more modest gain of $4.45 million.
ARKB, BTCO, EZBC, BTCW, BRRR, and DEFI had a neutral trading day on Friday. The day’s trading volume settled around $2.04 billion, with cumulative net inflows at $17.59 billion. Data from sosovalue.xyz indicates that the 11 spot bitcoin ETFs traded in the U.S. now hold $62.07 billion in BTC, accounting for 4.67% of BTC’s total market capitalization.
What do you think about the performance of the spot bitcoin ETFs on Friday? Share your thoughts and opinions about this subject in the comments section below.
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