US Spot Bitcoin Exchange Traded Funds (ETFs) Continue to See Investor Interest, Ethereum ETF Outflows Slow Down

U.S. spot Bitcoin exchange-traded funds (ETFs) saw net inflows of $64.91 million on Thursday, marking six consecutive days of positive flows. The steady inflows underscore investors’ continued interest in Bitcoin despite market volatility.

Spot Bitcoin ETFs See $65 Million Net Inflows, Extending Positive Streak to Six Days

BlackRock’s IBIT, the largest spot Bitcoin ETF by assets, led the way with net inflows of $75.49 million, according to SoSoValue data.

Fidelity’s FBTC ETF also saw significant activity, bringing in $9.23 million, followed by Ark and 21Shares’ ARKB with $7.83 million.

Other notable inflows included WisdomTree’s BTCW with $4.8 million, Grayscale’s BTC ETF with $4 million, and VanEck’s HODL ETF with $3.41 million.

However, not all funds performed well. Grayscale’s GBTC, the second-largest spot Bitcoin ETF, saw $28.36 million in outflows, while Bitwise’s BITB saw $11.5 million in outflows.

Despite strong inflows, overall trading volumes fell, with 12 spot Bitcoin ETFs recording $889.67 million in total trading volume on Thursday, down from $1.42 billion the previous day.

Ethereum ETFs See Modest Outflows

While Bitcoin ETFs have attracted significant interest, U.S. spot Ethereum ETFs saw modest outflows on Thursday, totaling $874,610, a marked improvement from the $17.97 million outflows recorded the previous day.

Grayscale’s Ethereum Trust (ETHE) continued its negative flow streak, reporting $19.84 million in outflows and becoming the only spot Ether ETF to see losses.

Meanwhile, Fidelity’s FETH led the inflows with $14.33 million, while Grayscale Ethereum Mini Trust (ETH) and VanEck’s ETHV recorded inflows of $3.68 million and $954,100, respectively. The other five spot Ethereum ETFs did not report significant inflows.

The total trading volume of Ethereum ETFs also fell sharply, falling to $93.87 million on Thursday from $201 million the day before.

The contrasting performances of Bitcoin and Ethereum ETFs highlight investor preferences in the current market, with bitcoin continuing to gain traction as institutional adoption expands, while Ethereum ETFs face more mixed sentiment.

*This is not investment advice.