Spot bitcoin exchange-traded funds (ETFs) posted mild gains on Thursday, following a week packed with significant capital inflows.
Thursday’s Crypto ETF action
The 12 U.S.-based spot bitcoin ETFs collectively pulled in $32.14 million in fresh inflows during Thursday’s trading according to sosovalue.xyz stats. Leading the way, Blackrock’s IBIT saw a substantial intake with $318.8 million in new funds, while Valkyrie’s BRRR followed with $1.89 million. However, not all ETFs had a positive day—five of them saw outflows. Ark Invest’s and 21shares’ ARKB led the losses with $94.21 million pulled, while Fidelity’s FBTC and Bitwise’s BITB dropped by $75.24 million and $74.02 million, respectively.
Grayscale’s GBTC and Vaneck’s HODL also saw reductions, losing $31.15 million and $13.94 million, which tempered the gains from IBIT and BRRR. The day’s net increase of $32.14 million bumped the cumulative inflows since Jan. 11 to $24.21 billion. On Oct. 31 alone, approximately $3.07 billion was traded, bringing the total reserves of these 12 funds to $70.86 billion in BTC—a stash that accounts for 5.12% of bitcoin’s market cap. Meanwhile, spot ether ETFs pulled in $13.06 million in fresh gains on Thursday.
Among the ether ETFs, Blackrock’s ETHA drew a notable $49.64 million in new capital, but Grayscale’s ETHE offset those gains, posting $36.58 million in outflows. The net addition of $13.06 million nudged cumulative net outflows since July down to $480.51 million. Thursday’s trading volume clocked in at around $281.70 million, and ether ETFs now hold $6.96 billion in ETH, representing about 2.29% of ether’s market cap.
