Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Bitcoin ETFs gain $12.9M as Ethereum ETFs lose $9.51M in value

Bitcoin ETFs gain $12.9M as Ethereum ETFs lose $9.51M in value

GrafaGrafa2024/09/18 05:45
By:Isaac Francis

Bitcoin (CRYPTO:BTC) exchange-traded funds (ETFs) experienced a strong performance on Monday, accumulating $12.9 million in gains.

Meanwhile, Ethereum (CRYPTO:ETH) ETFs had a challenging session, losing $9.51 million across nine different funds.

This divergence between Bitcoin and Ethereum ETFs highlights contrasting investor sentiment and market dynamics for these two leading cryptocurrencies.

Among the 12 Bitcoin ETFs, Blackrock's IBIT led the gains with an inflow of $15.82 million, bringing its total net inflows since January 11, 2024, to $20.92 billion.

Fidelity’s FBTC followed closely with a $5.06 million increase, and Franklin Templeton’s EZBC added $5.04 million.

Other funds, such as Vaneck’s HODL and Grayscale’s Bitcoin Mini Trust, contributed $4.91 million and $2.82 million, respectively.

However, Grayscale’s GBTC experienced significant outflows, with $20.75 million withdrawn, partially offsetting the overall gains.

Overall, the 12 Bitcoin ETFs have accumulated $17.31 billion in net inflows since their launch, reflecting ongoing investor interest in Bitcoin-related financial products despite outflows in specific funds.

On the other hand, Ethereum ETFs faced difficulties.

Grayscale’s ETHE recorded the most significant loss, with $13.83 million withdrawn, followed by Bitwise’s ETHW, which saw a $2.13 million outflow.

However, not all Ethereum ETFs experienced negative trends.

Blackrock’s ETHA and Grayscale’s Ethereum Mini Trust reported inflows of $4.16 million and $2.29 million, respectively.

The overall outflows of $9.51 million in Ethereum ETFs have pushed cumulative net outflows to $590.73 million since July 23.

The nine Ethereum funds collectively hold $6.22 billion in ETH, representing 2.27% of Ethereum’s market cap.

In contrast, the 12 Bitcoin ETFs control $52.57 billion in BTC, equating to 4.61% of Bitcoin's total market value.

At the time of reporting, the Ethereum (ETH) price was $2,322.79, and the Bitcoin (BTC) price was $60,342.52.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!