Bitcoin and Ethereum ETFs Continue Momentum with Solid Inflows
Bitcoin and ethereum exchange-traded funds (ETFs) maintained their inflow streak with another day of solid inflows into both ETFs.
According to metrics from sosovalue, inflows totaling $597.57 million were made into the U.S. spot bitcoin ETFs on Thursday, Dec. 12. Blackrock‘s IBTC led the field generating a net inflow of $431.60 million.
The bitcoin mini trust ( BTC) fund from Grayscale saw an inflow of $110.76 million while Bitwise‘s BITB recorded an inflow of $61.45 million to close out the top three spots.
Other inflows were recorded on Fidelity’s FBTC with $30.54 million, Ark and 21shares‘ ARKB with $8.97 million, and Wisdomtree’s BTCW with $2.65 million. In contrast, Grayscale’s Bitcoin Trust (GBTC) saw a loss of $48.40 million.
This inflow of $597.57 million brought the total new inflow on bitcoin ETFs to $35.17 billion with total net assets at $112.55 billion, approximately 5.68% of bitcoin’s market cap.
Ethereum ETFs saw a favorable increase as well with nine ETFs bringing in a total of $273.67 million. This amounted to a 168% increase on the previous day’s inflow of $102.03 million.
Blackrock’s ETHA fund topped the list with $202.31 million in inflow. Grayscale’s ETH (Mini Trust) added $73.22 million while Fidelity’s FETH and 21shares’ CETH pulled in $19.42 million and $1.55 million respectively. The only outflow was Grayscale’s ETHE (Ethereum Trust) with a $22.83 million loss.
The $273.67 million inflow into the nine funds on Thursday brought the total net inflows to $2.24 billion with the nine ETFs currently managing $13.63 billion ETH, 2.86% of the total market value of ethereum.
