Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Bitcoin and Ethereum ETF Winning Streak Ongoing With $275M Combined Inflows

Bitcoin and Ethereum ETF Winning Streak Ongoing With $275M Combined Inflows

CCNCCN2024/10/20 16:00
By:CCN
Key Takeaways
  • Bitcoin ETFs command $66.11 billion in BTC or 4.89% of its market cap.
  • Ethereum ETFs hold $7.35 in ETH, or 2.31% of its market cap.
  • Last week, BTC ETF inflows totaled over $2.1 billion in inflows.

U.S. spot Bitcoin ( BTC ) and Ethereum ( ETH ) exchange-traded funds (ETFs) finished the week with a fifth day of solid inflows.

Bitcoin ETFs

As per SoSoValue data, Bitcoin ETFs ended last week, Oct. 18, with a sturdy  $273.71 million  in net inflows, bringing  that week’s total to over $2.1 billion. This marks the biggest five-day period of inflows since the week of March 15.

Bitcoin and Ethereum ETF Winning Streak Ongoing With $275M Combined Inflows image 0 Bitcoin ETF flows. Source: SoSoValue

Taking a rare leading position, the ARK 21Shares Bitcoin ETF (ARKB) secured $109.86 million in net inflows, bringing its cumulative net inflows to $2.86 billion.

Close behind is the top-performing fund, BlackRock’s iShares Bitcoin Trust (IBIT), which pulled in $70.41 million in net inflows. IBIT’s cumulative net inflows now stand at $22.84 billion.

The Bitwise Bitcoin ETF (BITB) captured $35.96 million, increasing its cumulative net inflows to $2.3 billion. It is followed by VanEck’s Bitcoin ETF (HODL), which tallied $23.34 million to its portfolio.

Fidelity’s Wise Origin Bitcoin Fund (FBTC) netted a modest $18.03 million. FBTC is the second-best-performing BTC fund, with $10.3 billion in cumulative net inflows. Finally, Invesco’s Galaxy Bitcoin ETF (BTCO) bagged $16.11 million.

All other funds ran neutral, and a total of $2.23 billion was traded.

Ethereum ETFs

According to SoSoValue data, Ethereum ETFs ended the week on a modest high note, posting $1.91 million in net inflows on Oct. 18.

Bitcoin and Ethereum ETF Winning Streak Ongoing With $275M Combined Inflows image 1 Ethereum ETF flows. Source: SoSoValue

Only one fund saw any flow activity: the Bitwise Ethereum ETF (ETHW), which saw $1.91 million in net inflows. With $321.28 million in cumulative net inflows, ETHW is the third-best-performing ETH ETF among its competitors.

Other than that, all funds flowed neutral, and just $139.46 million was traded. Though the results for ETH ETFs are often underwhelming, funds are beginning to trend green a little more consistently.

Furthermore, the week ending Oct. 18 marks the third time that ETH ETFs have posted positive weekly inflows, which totaled a modest $78.89 million on Oct. 18.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

MARA's stock jumps after raising $1 billion via convertible notes to buy more bitcoin

MARA Holdings announced the successful closing of its $1 billion offering of 0% convertible senior notes due 2030.The bitcoin miner plans to allocate around $199 million of the proceeds to repurchase $212 million in principal of its existing convertible notes due 2026. The remaining funds will be used to acquire more bitcoin.

The Block2024/11/21 16:11

Gold loses luster as institutional demand fuels bitcoin price surge, analysts say

Bitcoin’s 46% surge over the past month, contrasted with gold’s 3% decline, highlights a shifting investor preference toward alternative store-of-value assets, analysts say.Derivatives traders are buying up bitcoin call options ahead of Trump’s inauguration, signaling strong bullish sentiment for the beginning of 2024.

The Block2024/11/21 16:11

SEC is 'engaging' Solana ETF applicants: report

SEC “engaging” on Solana ETF applications, sparking optimism for potential approval in 2025.VanEck, 21Shares, and Bitwise lead Solana ETF filings amid pro-crypto White House hopes.SOL token rises 4.6% to $247.91, bolstered by Solana’s strong DeFi ecosystem and demand.

The Block2024/11/21 16:11