Spot Bitcoin ETFs Add $105 Million as Ether ETFs Take in $43 Million in Busy Trading Day

US spot bitcoin ETFs continued to have another day of growth, taking in $105.84 million, while spot ether funds also added $43.23 million.

Blackrock’s IBIT Leads Bitcoin ETFs, While Grayscale’s Mini Ether Trust Attracts Most Ether Flows

Wednesday marked another busy trading session for the 12 spot bitcoin ETFs and nine spot ether ETFs. Bitcoin ETFs saw volume of about $795.88 million, accumulating a total of $105.84 million. Blackrock’s IBIT led the way, taking in $184.38 million, while Bitwise’s BITB added $2.07 million. However, FBTC and ARKB took some of the profits.

Fidelity's FBTC fell $33.19 million and Ark Invest's ARKB fell $47.41 million. All other funds saw no change in Wednesday's trading. Since January 11, 2024, BTC ETFs have accumulated $17.94 billion in inflows. In total, the 12 funds now hold $58.04 billion, representing 4.63% of bitcoin's total market capitalization.

Spot ether ETFs weren’t far behind, raising $43.23 million on Wednesday. Grayscale’s Mini Ether Trust was the biggest winner, raising $26.63 million. Blackrock’s ETHA followed with $9.38 million, and Fidelity’s FETH raised $6.45 million. 21shares’ CETH also contributed with a modest $774,100.

Wednesday's activity brought total net outflows to ethereum ETFs since July 23 to $580.94 million. Trading volume for the day reached $124.18 million, according to data from sosovalue.xyz. In total, the nine ethereum funds hold $7.03 billion in ether, representing 2.6 million ether, or about 2.26% of the total market capitalization.

What did you think of Wednesday’s crypto ETF action? Share your thoughts and opinions on the subject in the comments section below.
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