SPOT BITCOIN ETF SPOT ETHEREUM ETF

US spot bitcoin ETFs saw $555 million in net inflows yesterday, largest since early June

theblock.co 15/10/2024 - 06:03 AM

Spot Bitcoin and Ether ETFs Report Significant Net Inflows

Spot bitcoin exchange-traded funds in the U.S. recorded total net inflows of $555.8 million on Monday, marking their largest inflows since June 4. Ten out of twelve spot bitcoin ETFs reported net inflows, with no net outflows observed.

Leading Funds

Fidelity’s FBTC led the inflows on Monday, with $239.25 million entering the ETF, according to data from SoSoValue. Bitwise’s BITB came second with $100 million in net inflows.

BlackRock’s IBIT, the biggest spot bitcoin ETF by net assets, saw $79.5 million in net inflows, while Ark & 21Shares’ ARKB recorded nearly $70 million in net inflows. On Monday, Grayscale’s GBTC also had over $37 million in net inflows.

Spot bitcoin funds from VanEck, Valkyrie, Invesco, Franklin Templeton, and the Grayscale mini trust saw smaller net inflows yesterday. WisdomTree and Hashdex’s spot bitcoin ETFs had zero flows for the day.

The twelve spot bitcoin funds saw over $2.61 billion in value traded on Monday, the highest level since August 23. BlackRock's IBIT fund accounted for $1.67 billion of this volume. The cumulative total net inflow since their January launch currently sits at $19.36 billion.

“Now approaching $20 billion net inflows in 10 months,” ETF Store president Nate Geraci wrote on X. “Simply ridiculous & blows away every pre-launch demand estimate.”

Ether ETFs Also Positive

Spot ether ETFs reported net inflows worth $17.07 million on Monday, the most substantial positive flow this month.

BlackRock’s ETHA led the inflows with $14.31 million in net inflows, followed by $1.31 million in Fidelity’s FETH. Invesco’s QETH and 21Shares’ CETH also saw inflows yesterday.

The U.S. spot ether ETFs traded for a total of $210.40 million. Since their launch, they have experienced a cumulative net outflow of $541.82 million.

Meanwhile, bitcoin rose 2.26% in the past 24 hours to change hands at $65,552, according to The Block’s bitcoin price page. Ether also gained 2.91% in the last day to trade at $2,613.




Comments (0)

    Greed and Fear Index

    Note: The data is for reference only.

    index illustration

    Extreme Greed

    84