Spot Bitcoin ETFs attract $105M while Ether ETFs gain $43M

U.S. spot Bitcoin (CRYPTO:BTC) ETFs recorded significant inflows, bringing in $105.84 million, while spot Ether (CRYPTO:ETH) funds added $43.23 million in a busy trading day.

Wednesday marked an active trading session for 12 spot Bitcoin ETFs and nine spot Ether ETFs. 

The Bitcoin ETFs achieved approximately $795.88 million in volume, culminating in the total inflow of $105.84 million. 

Blackrock’s IBIT led the charge, pulling in $184.38 million, while Bitwise’s BITB contributed $2.07 million. 

However, Fidelity’s FBTC experienced a dip of $33.19 million, and Ark Invest’s ARKB saw a reduction of $47.41 million, indicating some volatility within the sector. 

All other funds remained stable during the trading session.

Since January 11, 2024, Bitcoin ETFs have attracted a cumulative total of $17.94 billion in inflows. 

Currently, the 12 funds hold $58.04 billion in assets, which represents 4.63% of Bitcoin’s total market capitalization.

Spot Ether ETFs also saw impressive inflows, totaling $43.23 million on Wednesday. 

Grayscale’s Mini Ether Trust emerged as the leader, securing $26.63 million. 

Blackrock’s ETHA followed with $9.38 million, and Fidelity’s FETH gained $6.45 million, while 21shares’ CETH added a modest $774,100.

Despite these inflows, Ether ETFs faced cumulative outflows of $580.94 million since July 23. 

The trading volume for the day reached $124.18 million. 

Collectively, the nine Ether funds now hold $7.03 billion in Ether, accounting for 2.6 million Ether or approximately 2.26% of its total market cap. 

At the time of reporting, the Bitcoin price was $65,244.99, and the Ethereum price was $2,640.14.