Bitcoin and Ether ETFs Report Mixed Inflows

The 12 spot bitcoin exchange-traded funds (ETFs) in the U.S. reported a total daily net inflow of $50.64 million on Thursday, while spot ether ETFs saw a return to net inflows with $26.75 million.

Bitcoin ETFs

Grayscale’s Bitcoin Mini Trust, which began trading on Wednesday, led net inflows with $191.13 million, according to data from SoSoValue. This was followed by BlackRock’s IBIT, which saw inflows of $25.9 million.

However, five U.S. funds experienced net outflows, including Grayscale’s GBTC, which saw $71.33 million leave the fund on Thursday. Other notable outflows included Fidelity’s FBTC with $48.4 million and Ark Invest and 21Shares’ ARKB with $22.42 million. Funds from Bitwise and VanEck also reported outflows, while five funds from issuers like Valkyrie reported zero flows yesterday.

The total daily trading volume for the 12 bitcoin ETFs was approximately $2.91 billion on Thursday, compared to $1.37 billion on Wednesday. Since January, spot bitcoin products have accumulated a total net inflow of $17.74 billion.

The two largest spot bitcoin ETFs, BlackRock’s IBIT and Grayscale’s GBTC, both traded down about 3% on Thursday, as per The Block’s Bitcoin ETF Tracker.

Ether ETFs Return to Inflows

Conversely, nine U.S. spot Ethereum ETFs reported $26.75 million in net inflows, reversing Wednesday’s net outflows of $77 million.

BlackRock’s ETHA led inflows with $89.65 million, followed by Fidelity’s ether fund, which recorded $11.7 million in net inflows, and Bitwise’s ETHW with $3.35 million. Grayscale’s ETHE mitigated some inflows with a net outflow of $77.95 million on Thursday, according to SoSoValue data.

The Ethereum funds saw a total trading volume of $331.11 million on Thursday, indicating a decline since their debut on July 23, when about $1.11 billion was traded.