On Nov. 13, the 12 spot bitcoin exchange-traded funds (ETFs) saw a strong inflow of $510.11 million. Leading the charge, Blackrock’s IBIT fund attracted $230.81 million. By Nov. 14, IBIT held a total of 469,895.35 BTC on behalf of its ETF investors.
Fidelity’s FBTC fund was close behind, drawing in $186.07 million in new investments. Meanwhile, Grayscale’s Bitcoin Mini Trust pulled in $61.30 million on Wednesday, with Ark Invest and 21Shares’ ARKB fund netting an additional $14.47 million.
Bitwise’s BITB fund secured $12.33 million, while Vaneck’s HODL fund added $5.12 million. The rest of the funds remained steady for the day, neither advancing nor declining. Overall, trading volume across the spot BTC ETFs was a substantial $8.07 billion.
Since Jan. 11, 2024, these 12 funds have seen a cumulative net inflow of $28.23 billion. At the latest tally, the spot bitcoin ETFs hold a total of $95.40 billion in BTC, accounting for 5.38% of bitcoin’s market cap, according to metrics from sosovalue.com.
Ethereum-focused funds also saw positive momentum on Wednesday, bringing in $146.89 million across four funds. Fidelity’s FETH fund topped the list, raking in $101.72 million. Blackrock’s ETHA followed with an additional $35.63 million, while Bitwise’s ETHW fund collected $13 million.
Grayscale’s Ether Mini Trust added $2.15 million to its holdings, though Grayscale’s ETHE fund experienced a $5.6 million dip in value. The ether funds reported $722.49 million in trades on Nov. 13, and since July 23, the nine ETFs have accumulated $241.51 million in total inflows.
As of Thursday, Nov. 14, the nine funds manage a combined $9.48 billion in ETH assets, representing 2.48% of ethereum’s market cap, per sosovalue.com data. As bitcoin and ethereum ETFs continue to attract major capital inflows, the market’s enthusiasm shows no signs of slowing.
