The difference in performance between bitcoin and etherium ETFs underscores the unique market environment each faces.
Bitcoin ETFs surged with $235 million in inflows, while #Ethereum ETFs stalled %｜Coinspix
#Bitcoin ETFs saw $235 million in inflows, while Ethereum ETFs stalled | Coinspeak on October 7, 2024, bitcoin ETFs attracted $235.19 million in inflows, while no fund was in negative territory.
Fidelity's FBTC and BlackRock's IBIT led the inflows, adding $103.68 million and $97.88 million, respectively.
Ethereum ETFs saw neither inflows nor outflows, indicating investors are cautious about ethereum-based products.
Among digital investment products, bitcoin ETFs saw notable inflows, while ethereum ETFs remained strong: according to the latest data from SoSoValue, the bitcoin #ETF market is growing rapidly, with $235.19 million in these funds on October 7, 2024. Inflows into these funds totaled $235.19 million, with no funds experiencing negative inflows.
the top performers, the largest share came from Fidelity's Wise Origin Bitcoin Fund (FBTC), which added $103.68 million in assets. This inflow increased the fund's total net contributions to approximately $10 billion, followed by BlackRock's iShares Bitcoin Trust (IBIT), which received an impressive $97.88 million, increasing its total net contributions to $21.66 billion.
elsewhere, Bitwise Bitcoin ETF (BITB) and ARK 21Shares Bitcoin ETF (ARKB) attracted US$13.09 million and US$12.53 million, respectively; VanEck Bitcoin ETF (HODL) and Invesco Galaxy Bitcoin ETF (BTCO), even the smaller funds showed positive performance, indicating widespread investor interest in various funds.
In contrast, the Ethereum ETF saw quiet activity on the same day, with no inflows or outflows recorded. Despite a modest trading volume of $118.43 million, this stability suggests that investors are cautious about Ethereum-based investment products.
In contrast, he called Ethereum a "risky asset" like U.
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