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Record Week for Crypto ETFs as Bitcoin and Ether Funds Settle Billions in Volume

Posted by Bill Rippel on November 09, 2024 - 3:48pm


Record Week for Crypto ETFs as Bitcoin and Ether Funds Settle Billions in Volume

As of Friday’s latest data, spot bitcoin and ether ETFs once again recorded positive inflows, capping off a groundbreaking week in the market.

$293M in Bitcoin, $85M in Ether Inflows on Friday

In the U.S., spot bitcoin ETFs pulled in $293.47 million in inflows on Friday alone. Leading the pack was Blackrock’s IBIT, with an impressive $206.13 million amassed during the day’s trading. Fidelity’s FBTC trailed with $33.52 million, while Bitwise’s BITB scooped up $23 million, and Franklin Templeton’s EZBC grabbed $17.80 million.

Vaneck’s HODL rounded out Friday’s gains with $13.03 million, while the remaining funds held steady, recording no changes. Overall, $2.84 billion in trades settled on Friday, bringing cumulative inflows since Jan. 11 to a notable $25.79 billion, according to sosovalue.xyz.

Spot ether ETFs enjoyed a positive day as well, drawing in $85.86 million. Blackrock’s ETHA led with a total of $59.77 million, followed by Fidelity’s FETH at $18.40 million, and Vaneck’s ETHV, which pulled in $4.31 million. Bitwise’s ETHW gathered another $3.38 million.

These recent inflows have significantly reduced the net outflows of the nine ether ETFs, now down to $336.78 million from over half a billion just two weeks back. Metrics from sosovalue.xyz show that the nine ETH funds saw $469.13 million in trades, with the spot ETH funds collectively holding $8.27 billion in ether, while bitcoin ETFs now hold a massive $78.91 billion in bitcoin.