Data from Wednesday's trading session shows that the U.S. spot bitcoin exchange-traded funds (ETFs) attracted significant positive capital inflow of $621.9 million.
Cryptocurrency ETFs surge with positive cash flow
Both the bitcoin and ether ETFs in the United States recorded gains during trading on Wednesday. According to data from sosovalue.xyz, 12 spot bitcoin ETFs brought in a total of $621.9 million. Leading the way is Fidelity's FBTC, securing $308.77 million, while Ark Invest's ARKB and 21shares closely followed with $127 million.
Grayscale's Bitcoin Mini Trust has added $108.81 million, and Bitwise's BITB has brought in $100.92 million. Grayscale's GBTC has seen an increase of $30.91 million, with Vaneck's HODL bringing in $17.18 million. Conversely, two funds have experienced outflows: Blackrock's IBIT decreased by $69.11 million and Valkyrie's BRRR fell by $2.58 million. The recent inflow of $621.9 million brings the accumulated net cash flow since January 11 to $24.12 billion.
Nine ether ETFs also recorded gains on Wednesday, bringing in a total of $52.29 million. Fidelity once again topped the list, with the FETH fund attracting $26.9 million, while Grayscale's Ethereum Mini Trust attracted $25.39 million. Other funds had neutral activity, neither increasing nor decreasing. This positive cash flow of $52.29 million reduces the accumulated net cash flow since July 23 to $502.37 million.
The trading volume of nine ether ETFs reached approximately $373.97 million, while the bitcoin ETFs processed $6.06 billion in transactions. The ether ETFs maintain $7.42 billion in reserves, accounting for 2.29% of ether's market capitalization. The 12 bitcoin ETFs collectively hold $76.48 billion, or 5.08% of bitcoin's market valuation as of November 7. Together, the 21 cryptocurrency ETFs manage a total value of $83.9 billion.
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