#Bitcoin❗ #ETFvsBTC #grayscale #BinanceSquareFamily #EtheruemETF
Introduction
On Tuesday, 12 bitcoin exchange-traded funds (ETFs) attracted an impressive $186.76 million in inflows, while ether ETFs once again experienced outflows. The primary contributor to the ether decline was Grayscale’s ETHE, which has seen a staggering $2.75 billion exit since July 23.
Bitcoin ETFs Outperform as Ether Funds Face Challenges
According to sosovalue.xyz, bitcoin ETFs performed exceptionally well, with a collective inflow of $186.76 million. Fidelity’s FBTC led the way, contributing $56.61 million, followed by Bitwise’s BITB, which added $45.35 million.
Other notable performers included Ark Invest and 21shares’ ARKB, which pulled in $42.17 million, while Vaneck’s HODL secured $20.48 million. Invesco and Galaxy’s BTCO added $10.19 million to the total.
Rounding out the list, Franklin Templeton’s EZBC brought in $8.74 million, and Wisdomtree’s BTCW contributed $3.2 million. Since January 11, 2024, the total inflows for bitcoin ETFs have reached a remarkable $17.5 billion.
On Tuesday alone, the funds saw $2.27 billion in trading volume, with the 12 bitcoin ETFs holding a combined $54.84 billion, representing approximately 4.62% of the total bitcoin market cap.
