Bitcoin ETFs See $365M Inflows as Ether Funds Slip

On Thursday, U.S. spot bitcoin exchange-traded funds (ETFs) saw gains, while their ether-focused counterparts faced a decline during the day’s trading session.

ARKB Tops Bitcoin ETF Gains as Ether Funds Fall by $675K

U.S. bitcoin ETFs saw a hefty $365.57 million in positive inflows on Thursday, with Ark Invest and 21shares’ ARKB leading the charge. ARKB pulled in an impressive $113.82 million, followed by Blackrock’s IBIT, which brought home $93.38 million, as per sosovalue.xyz data.

Fidelity’s FBTC wasn’t far behind, racking up $74 million, while Bitwise’s BITB fund added $50.38 million to its coffers. Vaneck’s HODL also secured $22.10 million in inflows, and Invesco and Galaxy’s BTCO pulled in $6.47 million.

Franklin Templeton’s EZBC trailed just behind BTCO with $5.66 million, while Valkyries’ BRRR collected $4.61 million. Grayscale’s Bitcoin Mini Trust rounded out the day with $2.87 million. On the neutral side, Wisdomtree’s BTCW and Hashdex’s DEFI didn’t budge, showing neither gains nor losses.

However, Grayscale’s GBTC saw an outflow of $7.74 million. The overall positive inflows of $365.57 million boosted cumulative net inflows to $18.31 billion since Jan. 11, 2024. Meanwhile, the nine ether ETFs took a slight hit, losing $675,450, according to sosovalue.xyz stats.

Still, some funds had a good day—Fidelity’s FETH led the gains, securing $15.92 million, with Blackrock’s ETHA close behind, pulling in $14.85 million. Invesco’s QETH brought in $1.99 million, and Vaneck’s ETHV added $971,560. Bitwise’s ETHW saw $951,870 in inflows, and 21shares’ CETH added $663,390.

However, these gains were offset by Grayscale’s ETHE, which lost $36.02 million. Currently, the nine spot ether ETFs hold $7.22 billion in ETH, while the 12 spot bitcoin ETFs command a solid $60.03 billion. The ether funds now represent 2.28% of ethereum’s total market value, while the bitcoin ETFs account for 4.7% of all BTC in circulation.