US Bitcoin ETFs Hit $117M in Daily Flows, Ether ETFs Back in the Green

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About $117 million was pumped into U.S. Bitcoin exchange-traded funds (ETFs) in Tuesday’s trading, as the group of nine Ethereum spot ETFs returned to the green after a period of losses, data from Farside Investors.

Fidelity’s Bitcoin Fund ( FBTC ) led the pack with net inflows of about $63 million on Tuesday. The gain raises total net flows to $9.5 billion after 8 months of trading.

FBTC currently holds $10.5 billion worth of Bitcoin and is the third largest Bitcoin ETF behind BlackRock’s iShares Bitcoin Trust (IBIT) and Grayscale’s Bitcoin Trust (GBTC).

Grayscale’s Bitcoin Mini Trust (BTC), the low-cost version of GBTC, and ARK Invest/21Shares’ Bitcoin ETF (ARKB) closed successfully yesterday, raising approximately $41 million and nearly $13 million, respectively. dollars in net equity.

Meanwhile, IBIT, GBTC and the rest of the Bitcoin ETF group saw zero flows.

Net inflows began to resume on Monday after a prolonged period of outflows from late August to early September. During the exit period, more than $1 billion was withdrawn from these funds. BlackRock’s Bitcoin fund also saw its second exit since launching in January.

Despite BlackRock’s iShares Bitcoin Trust (IBIT) experiencing a third straight day of outflows on Monday, US spot Bitcoin ETFs still managed to close in the green due to inflows into other funds.

Notably, IBIT has not reported any net capital since August 27, marking one of the longest periods of stagnation since its debut.

However, some minor setbacks do not challenge IBIT’s market leadership. The fund remains a dominant force in the crypto ETF market with over $20 billion in holdings.

Elsewhere, U.S. spot Ethereum ETFs rebounded slightly, with about $11 million in net inflows on Tuesday, Farside data showed.

Gaining funds were Fidelity’s Ethereum Fund (FETH) and BlackRock’s iShares Ethereum Trust (ETHA). Other competing Ethereum ETFs saw zero flows.

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