Bitcoin ETFs Soar With $252M Influx, Ether ETFs Experience Another Day of Losses
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At the end of the day on Friday, U.S. spot bitcoin exchange-traded funds (ETFs) reported a substantial $252 million in net gains. In contrast, ether ETFs continued their downward trend, losing another $5.7 million. Bitcoin ETFs Shine with $252M Inflows; Ether Funds Dip by $5.7M Spot bitcoin ETFs achieved their highest inflow since late July,
Spot bitcoin ETFs achieved their highest inflow since late July, with the 12 funds collectively pulling in $252 million on Friday. Leading the charge, Blackrockâs IBIT added $86.83 million to its coffers, bringing its total net inflows since Jan. 11, 2024, to an impressive $20.71 billion. Fidelityâs FBTC followed, gathering $64 million, while Grayscaleâs Mini Bitcoin Trust absorbed $50.83 million.
Bitwiseâs BITB recorded $42.26 million in inflows, and Ark Investâs and 21sharesâ ARKB fund pulled in $23.81 million. Vaneckâs HODL added $14.38 million, and the Inveso and Galaxy-backed BTCO captured $3.18 million. Valkyrieâs BRRR rounded out the day with a $2.25 million gain.
Meanwhile, Grayscaleâs Bitcoin Trust (GBTC) faced a challenging day, shedding $35.55 million.
EZBC, BTCW, and DEFI all remained neutral, with neither inflows nor outflows recorded. Fridayâs $252 million influx pushed cumulative net inflows since Jan. 11 to a total of $17.88 billion, with approximately $3.12 billion in trade volume registered yesterday. Currently, the 12 bitcoin ETFs hold $58.43 billion in bitcoin reserves, representing 4.65% of bitcoinâs total market capitalization.
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