PiCK

U.S. Bitcoin and Ethereum spot ETFs turn to net inflows in tandem

Doohyun Hwang

Summary

U.S. Bitcoin (BTC) and Ethereum (ETH) spot ETFs have reportedly shifted from recent net outflows to net inflows.
In Bitcoin spot ETFs, clear net inflows were observed centered on Fidelity (Fidelity), Ark Invest (Ark Invest), Invesco (Invesco), and Grayscale (Grayscale) mini funds, while BlackRock's (BlackRock) IBIT experienced outflows.
Ethereum spot ETFs also recorded total net inflows of 55,600,000 dollars; inflows were concentrated in Fidelity's FETH and Bitwise's ETHW, while BlackRock's ETHA experienced outflows.

U.S. Bitcoin (BTC) and Ethereum (ETH) spot exchange-traded funds (ETFs) both recorded net inflows on the 21st (local time). This marked a reversal from the recent large net outflow trend, with Bitcoin ETFs receiving 238,020,000 dollars in one day.

According to ETF fund flows, Bitcoin spot ETFs showed clear net inflows centered on Fidelity (Fidelity), Ark Invest (Ark Invest), Invesco (Invesco), and Grayscale (Grayscale) mini funds. In contrast, BlackRock's (BlackRock) IBIT saw funds flow out.

Flows by Bitcoin ETF were as follows. IBIT experienced outflows of 122,460,000 dollars, and FBTC saw inflows of 100,800,000 dollars. BITB received 22,830,000 dollars, ARKB received 39,060,000 dollars, BTCO received 35,800,000 dollars, HODL received 8,310,000 dollars, and GBTC received 61,530,000 dollars. The Grayscale mini fund also saw inflows of 84,930,000 dollars.

On the day, Ethereum spot ETFs recorded total net inflows of 55,600,000 dollars. Fidelity's FETH received 95,400,000 dollars, Bitwise's ETHW received 6,260,000 dollars, while BlackRock's ETHA saw outflows of 53,790,000 dollars.

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ETH