Bitcoin and Ethereum ETFs Pull Almost $500M in Combined Inflows

Key Takeaways

• Bitcoin ETF net assets total $64.46 billion in BTC or 4.82% of its market cap.
• BlackRock’s BTC and ETH ETFs have combined inflows of $23.69 billion.
• Ethereum ETFs command $7.19 billion in ETH or 2.28% of its market cap.

U.S. spot Bitcoin ( BTC ) and Ethereum (ETH) exchange-traded funds ( ETFs ) are in bullish territory as BTC funds draw hundreds of millions, and ETH flows begin to trend green.

Bitcoin ETFs

As per data from SoSoValue, Bitcoin ETFs saw $458.54 million in cumulative net inflows on Oct. 16, 2024. Since Monday, over $1.38 billion has poured into Bitcoin funds.

Bitcoin ETF flows. Source: SoSoValue

BlackRock’s iShares Bitcoin Trust (IBIT) captured a vast majority of the day’s inflows, pulling a gigantic $393.4 million in net inflows. This marks its largest day of inflows since July 22, raising its cumulative net inflow to $22.46 billion.

The second-best-performing fund, Fidelity’s Wise Origin Bitcoin Fund (FBTC), netted $14.81 million of the inflows, bringing its cumulative net inflows to $10.27 billion.

Bitwise Bitcoin ETF (BITB) registered $12.93 million in inflows, and Franklin Templeton Digital Holdings Trust (EZBC) bagged a cool $11.79 million. The ARK 21Shares Bitcoin ETF (ARKB) posted $11.51 million in net inflows.

On the lower end, Invesco’s Galaxy Bitcoin ETF (BTCO) pulled $6.43 million, and VanEck’s Bitcoin ETF (HODL) secured $5.75 million. Finally, the Valkyrie Bitcoin Fund (BRRR) saw $1.92 million in net inflows.

All other funds, including Grayscale, flowed neutral. On Oct. 16, a total of $1.58 billion was traded.

ETH ETFs

According to SoSoValue, Ethereum ETFs have recorded $24.22 million in net inflows as investors slowly warm to ETH funds.

Ethereum ETF flows. Source: SoSoValue

BlackRock’s iShares Ethereum Trust (ETHA) leads the pack, tallying a cool $11.89 million to its portfolio. ETHA is the top-performing fund with $1.22 billion in cumulative net inflows.

Up next, Fidelity’s Ethereum Fund (FETH) caught $8.5 million of the day’s inflows, raising its cumulative net inflow to $466.9 million. Finally, after ten days of neutral flows, VanEck’s Ethereum Trust (ETHV) saw a modest $3.83 million in net inflows.

Looking at the numbers, ETH funds are a little underwhelming.

However, the past couple of weeks have slowly started a positive trend. Though they aren’t exactly in the hundreds of millions yet, investors appear to be warming to a few ETFs on the market.