$253 million positive for Bitcoin Spot ETFs, while Ethereum still…
Inflows are back for Bitcoin Spot ETFs, but what of Ethereum?
Bitcoin Spot ETFs ended the past week with positive net inflows, marking the second time during the week it saw a hike. While four major Bitcoin Spot ETFs contributed to these inflows, others saw zero flows. Meanwhile, Ethereum spot ETFs have been consistently recording negative netflows. By doing so, they are falling behind Bitcoin in terms of positive movement.Bitcoin ETFs see positive inflowsAccording to data from SosoValue, Bitcoin ETFs recorded inflows of $253.54 million on 11 October. This was the second episode of inflow for Bitcoin ETFs during the week, following three consecutive days of outflows. Fidelity, Ark 21 Shares, Bitwise, InvescoGalaxy, and VanEck were responsible for the inflows among the ETFs. On the contrary, BlackRock and several other ETFs saw no flows during this period.If the aforementioned figures are broken down, it can be seen that Fidelity had the largest inflows with $117 million, while Ark 21 Shares followed closely with $97.6 million. Bitwise contributed $38.8 million, with the remaining inflows distributed among the other ETFs.At the time of writing, the cumulative total netflows for Bitcoin spot ETFs stood at $18.81 billion, with a total net asset value of $58.66 billion.Bitcoin’s price rally and ETF inflows alignThe inflow to Bitcoin spot ETFs coincided with positive price movement for BTC. Following several days of negative flows and price declines, Bitcoin hiked by over 3% on 11 October, moving from $60,279 to $62,518. This upward trend continued on 12 October, with Bitcoin trading at around $63,000, at the time of this writing.If Bitcoin maintains its positive momentum through the weekend, additional ETF inflows could follow in the coming week – A sign of growing investor interest.Ethereum spot ETFs see negative netflowsOn the contrary, Ethereum spot ETFs have struggled to see the same level of positive inflows as Bitcoin ETFs. While Ethereum saw a small inflow of $3.06 million on 11 October, seven out of the nine Ethereum ETFs reported zero inflows, and the previous day saw no inflows at all.– Read Bitcoin (BTC) Price Prediction 2024-25The cumulative total netflows for Ethereum Spot ETFs remains negative at – $558.88 million, with a total net asset value of $6.74 billion. Despite occasional inflows, Ethereum’s Spot ETF performance has lagged behind Bitcoin’s, underlining a more challenging market environment for ETH investors.
$253 million positive for Bitcoin Spot ETFs, while Ethereum still…
Inflows are back for Bitcoin Spot ETFs, but what of Ethereum?
Bitcoin Spot ETFs ended the past week with positive net inflows, marking the second time during the week it saw a hike. While four major Bitcoin Spot ETFs contributed to these inflows, others saw zero flows. Meanwhile, Ethereum spot ETFs have been consistently recording negative netflows. By doing so, they are falling behind Bitcoin in terms of positive movement.Bitcoin ETFs see positive inflowsAccording to data from SosoValue, Bitcoin ETFs recorded inflows of $253.54 million on 11 October. This was the second episode of inflow for Bitcoin ETFs during the week, following three consecutive days of outflows. Fidelity, Ark 21 Shares, Bitwise, InvescoGalaxy, and VanEck were responsible for the inflows among the ETFs. On the contrary, BlackRock and several other ETFs saw no flows during this period.If the aforementioned figures are broken down, it can be seen that Fidelity had the largest inflows with $117 million, while Ark 21 Shares followed closely with $97.6 million. Bitwise contributed $38.8 million, with the remaining inflows distributed among the other ETFs.At the time of writing, the cumulative total netflows for Bitcoin spot ETFs stood at $18.81 billion, with a total net asset value of $58.66 billion.Bitcoin’s price rally and ETF inflows alignThe inflow to Bitcoin spot ETFs coincided with positive price movement for BTC. Following several days of negative flows and price declines, Bitcoin hiked by over 3% on 11 October, moving from $60,279 to $62,518. This upward trend continued on 12 October, with Bitcoin trading at around $63,000, at the time of this writing.If Bitcoin maintains its positive momentum through the weekend, additional ETF inflows could follow in the coming week – A sign of growing investor interest.Ethereum spot ETFs see negative netflowsOn the contrary, Ethereum spot ETFs have struggled to see the same level of positive inflows as Bitcoin ETFs. While Ethereum saw a small inflow of $3.06 million on 11 October, seven out of the nine Ethereum ETFs reported zero inflows, and the previous day saw no inflows at all.– Read Bitcoin (BTC) Price Prediction 2024-25The cumulative total netflows for Ethereum Spot ETFs remains negative at – $558.88 million, with a total net asset value of $6.74 billion. Despite occasional inflows, Ethereum’s Spot ETF performance has lagged behind Bitcoin’s, underlining a more challenging market environment for ETH investors.
