Bitcoin ETFs See $300M Inflows While Ethereum ETFs Undo Their Gains

• Bitcoin ETFs command $65.34 billion in BTC or 4.88% of its market cap.
• Ethereum ETFs hold $7.39 in ETH, or 2.29% of its market cap.
• Last week, BTC ETF inflows totaled over $2.1 billion in inflows.

U.S. spot Bitcoin ( BTC ) and Ethereum ( ETH ) exchange-traded funds (ETFs) are experiencing mixed flows as BTC funds soar and ETH funds trail behind.

Bitcoin ETFs

As per SoSoValue data, Bitcoin ETFs have begun the week on strong footing, recording $294.29 million in total net inflows on Oct. 21, marking day seven of a huge inflow streak .

BlackRock’s iShares Bitcoin Trust (IBIT) took home a gigantic $329.03 million, bringing its cumulative net inflows to $23.17 billion.

Fidelity’s Wise Origin Bitcoin Trust (FBTC) pulled a modest $5.9 million. FBTC is the second-best-performing fund under IBIT and has seen $10.31 billion in cumulative net inflows.

Not all funds maintained bullish momentum. The Grayscale Bitcoin Trust (GBTC) posted $4.85 million in exits, bringing its cumulative net outflows to $20.1 billion.

The ARK 21Shares Bitcoin ETF (ARKB) ended its six-day inflow streak, shedding $6.07 million in net outflows. Similarly, the VanEck Bitcoin ETF (HODL) posted $7.64 million in net outflows.

Bitwise Bitcoin ETF (BITB) was the day’s loss leader, recording $22.08 million in outflows.

Ethereum ETFs

According to SoSoValue data, Ethereum ETF flows are beginning to undo their modest gains as funds see $20.8 million in net outflows on Oct. 21.

BlackRock’s iShares Ethereum Trust (ETHA) pulled in $4.86 million in net inflows, raising the leading ETH ETF’s cumulative net inflows to $1.26 billion.

Trailing closely behind, the only other fund to see net inflows is the VanEck Ethereum Trust (ETHV) which tallied $3.92 to its portfolio.

Pulling the day’s results into the red, the Grayscale Ethereum Trust (ETHE) failed yet again to see a single day of inflows, shedding $29.58 million in exits.

ETHE is the only ETH fund in the red, with $3.04 billion in cumulative net outflows.