Data from sosovalue.xyz showed that $458.54 million was added to the 12 bitcoin ETFs in total. Blackrock’s IBIT led the pack, amassing $393.4 million during the day. Fidelity’s FBTC followed with $14.81 million, Bitwise’s BITB took in $12.93 million, and Franklin Templeton’s EZBC brought in $11.79 million.
Ark Invest and 21shares’ ARKB collected $11.51 million, Invesco’s BTCO saw $6.43 million in gains, and Vaneck’s HODL received $5.75 million. Valkyrie’s BRRR gained $1.92 million, while the other funds remained neutral, with no gains or losses. The $458 million boost brings the total inflows across all 12 funds to $20.19 billion since Jan. 11, 2024.
Ether funds gained $24.22 million on Wednesday. Blackrock’s ETHA was the top performer, bringing in $11.89 million. Fidelity’s FETH followed, gathering $8.5 million, and Vaneck’s ETHV added $3.83 million. Although the $24.22 million inflow marked a positive change, the nine ether ETFs are still down $530.30 million since July 23.
Trading volume for ether ETFs hit $113.45 million, while bitcoin ETFs saw $1.58 billion in trades. Ether ETFs now control $7.19 billion, representing 2.28% of the second-largest cryptocurrency’s market value. The 12 bitcoin ETFs hold $64.46 billion, accounting for 4.82% of bitcoin’s market cap, edging closer to the 5% threshold.
What are your thoughts on this subject? Let us know what you think in the comments section below.
