Bitcoin sees $117 million inflow into ETFs, Ethereum ETFs continue minor inflows

09/11/2024 15:22
Bitcoin sees $117 million inflow into ETFs, Ethereum ETFs continue minor inflows

Fidelity and Ark ETFs lead Bitcoin and Ethereum inflows amidst mixed market activity.

Bitcoin sees $117 million inflow into ETFs, Ethereum ETFs continue minor inflows Bitcoin sees $117 million inflow into ETFs, Ethereum ETFs continue minor inflows 21 mins ago

Insights BitcoinETFs

Fidelity and Ark ETFs lead Bitcoin and Ethereum inflows amidst mixed market activity.

On Sept. 10, data indicated mixed Bitcoin ETF activity across several major issuers. Fidelity’s FBTC ETF saw the most significant inflow, recording $63.2 million. Ark’s ARKB ETF followed with $12.7 million. Grayscale’s mini Bitcoin ETF BTC saw $41.1 million in inflows.

Other major players, including Grayscale’s GBTC, BlackRock’s IBIT, Bitwise’s BITB, Invesco’s BTCO, Franklin’s EZBC, Valkyrie’s BRRR, VanEck’s HODL, and WisdomTree’s BTCW, showed no activity, with reported flows at zero.

Bitcoin ETF (Farside investors)
Bitcoin ETF (Farside investors)

Overall, total flows for the day reached $117 million, primarily driven by Fidelity and Ark. Grayscale’s holdings, while unchanged, continued to represent a significant portion of the market’s total ETF-backed Bitcoin. These flows indicate a selective but steady movement of institutional interest, with certain ETFs attracting more inflows than others as market participants adjust their exposure to Bitcoin.

Ethereum ETFs

Ethereum ETF flows were relatively subdued, with only two major funds reporting inflows. Fidelity’s FETH ETF led the market, recording $7.1 million in inflows. BlackRock’s ETHA ETF followed with a smaller but notable inflow of $4.3 million.

Other ETFs, including Bitwise’s ETHW, 21Shares’ CETH, VanEck’s ETHV, Invesco’s QETH, Franklin’s EZET, and Grayscale’s ETHE and ETH funds, showed no activity, with flows recorded at zero.

Ethereum ETF (Farside investors)
Ethereum ETF (Farside investors)

In total, Ethereum ETF flows amounted to $11.4 million for the day. This limited movement suggests a cautious approach from institutional investors, with only a few funds seeing new inflows while others remained static.

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