On Tuesday, 12 bitcoin exchange-traded funds (ETFs) attracted $186.76 million in inflows, while nine ether ETFs saw another wave of outflows. The main source of ether losses? Grayscale’s ETHE, which has seen $2.75 billion in outflows since July 23.
Bitcoin ETF Shines as Ether Funds Continue to Slip
According to a report by sosovalue.xyz, 12 bitcoin ETFs saw a collective increase of $186.76 million. Fidelity’s FBTC led the way with $56.61 million, followed by Bitwise’s BITB, which added $45.35 million.
Ark Invest and 21shares' ARKB contributed $42.17 million, while Vaneck's HODL took fourth place with $20.48 million. Invesco and Galaxy's BTCO brought in $10.19 million.
Franklin Templeton’s EZBC and Wisdomtree’s BTCW saw increases of $8.74 million and $3.2 million respectively. Total inflows since January 11, 2024 now stand at an impressive $17.5 billion.
Tuesday alone saw trading volume of $2.27 billion, with 12 funds collectively holding $54.84 billion in bitcoin — about 4.62% of the total market capitalization.
On the other hand, nine ether ETFs saw $15.11 million in outflows on September 17. Grayscale’s ETHE was the biggest loser, losing $17.89 million. Fortunately, Grayscale’s Ethereum Mini Trust helped soften the blow with $2.77 million in inflows.
A total of seven funds had a neutral day, with no gains or losses. The $15.11 million in outflows pushed the cumulative total since July 23 to $605.84 million. In total, the nine ETFs hold $6.41 billion in ether reserves, representing 2.27% of ether’s market capitalization.
What do you think about Tuesday’s crypto ETF action? Share your thoughts and opinions on the topic in the comments section below.
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