Bitcoin ETFs Soar with $4.94B Inflows, Dominating Crypto Market Growth

  • The recent surge in interest for U.S. spot Bitcoin and Ethereum ETFs has resulted in significant inflows.
  • ARKB leads among Bitcoin ETFs with the highest net inflows, followed by FBTC and IBIT.
  • Meanwhile, Ethereum ETFs also saw substantial gains, with Fidelity’s FETH being the top performer.

Explore the latest trends and developments in Bitcoin and Ethereum ETF markets, showcasing major inflows and key performers.

Bitcoin ETF Inflows Reach Impressive Heights

Data from sosovalue.xyz reveals that 12 U.S. spot Bitcoin ETFs attracted a combined total of $494.27 million. Among these, ARKB was the leader, garnering $203.07 million in net inflows. Close behind was FBTC, with $123.61 million, and IBIT, which saw $110.82 million in inflows on the same trading day. Additionally, GBTC recorded inflows of $261.50 million, followed by BITB with $129.10 million, and HODL with $111.70 million. BTCO saw a modest increase of $32,800, just ahead of BRRR, which brought in $32,600. The remaining funds saw neither gains nor losses.

Notable Ethereum ETF Performance

Ethereum-based ETFs also had a productive day last Friday, collectively attracting $586.50 million. Fidelity’s FETH led the pack, drawing in $425.40 million, followed by ETHA, which accumulated $114.60 million. ETHW experienced gains of $5.43 million, while QETH attracted $4.32 million. Grayscale’s ETH Mini Trust gathered $2.29 million, ETHV secured $1.98 million, and CETH ended the day with an increase of $1.35 million.

Overall Market Trends and Outlook

Since January 11, these 12 Bitcoin ETFs have cumulatively attracted net inflows of $18.80 billion. Currently, these funds hold $61.21 billion worth of Bitcoin, representing 4.71% of the total supply. In contrast, while Friday witnessed positive movements for Ethereum ETFs, the overall picture shows these nine funds have experienced a net loss of $522.97 million since July 23. Despite this, the combined trading volume for Ethereum funds last Friday totaled $249.09 million, and together, they hold $7.44 billion in Ethereum, accounting for 2.3% of the cryptocurrency’s $319 billion market cap.

Conclusion

The recent activity in Bitcoin and Ethereum ETFs highlights significant investor interest and capital inflows, particularly in top-performing funds like ARKB and Fidelity’s FETH. These trends indicate a robust market presence and suggest potential for further growth as more investors seek to capitalize on these digital assets.

BREAKING NEWS

Bitcoin Whale Short at 40x Triggers $3.245M Unrealized Losses as Liquidation Price Reaches $116,914.8

COINOTAG News, October 27, according to monitoring by AI...

Solana Co-Founder: L2 Promises Fall Short as Upgrade Multisig and Cross-Chain Bridge Risks Endanger Users

COINOTAG News reported on Oct 27 that Solana co‑founder...

Sharplink Gaming Boosts Ethereum Holdings by 19,271 ETH, Elevating Total to 859,395 ETH (~$3.58B)

In a fresh update from OnchainLens, Sharplink Gaming boosted...

1011 Insider Whale (0xC2A) Rakes in $9.5M Ethereum Unrealized Gains as Total Unrealized Profits Exceed $15M

The latest industry brief from COINOTAG News, citing on-chain...

Bitcoin Surges to $114K as QWEN3 Leads AI-Model Funds with BTC-Only Long Strategy and Nearly 100% Returns

COINOTAG News, citing CoinBob, an on-chain AI analysis tool,...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img