Bitcoin ETFs Surge with $186 Million Inflows, Ether Funds Struggle (Grayscale ETHE Loses Big)

 Bitcoin ETFs Soar, Ether Funds Sink:

In a tale of two digital assets, Bitcoin exchange-traded funds (ETFs) saw a significant influx of capital on Tuesday, while Ether funds continued their downward trend.

Bitcoin Inflows on the Rise:

As reported by sosovalue.xyz, 12 Bitcoin ETFs collectively attracted a massive $186.76 million in inflows. Fidelity's FBTC led the pack with $56.61 million, followed closely by Bitwise's BITB at $45.35 million.

Ark Invest and 21Shares' ARKB contributed a noteworthy $42.17 million, while VanEck's HODL secured fourth place with $20.48 million. Other notable inflows included Invesco and Galaxy's BTCO at $10.19 million, Franklin Templeton's EZBC at $8.74 million, and WisdomTree's BTCW at $3.2 million.

This surge in investment has pushed the total inflows for Bitcoin ETFs since their January 11, 2024 launch to an impressive $17.5 billion. Additionally, Tuesday alone saw a significant trading volume of $2.27 billion, with the 12 Bitcoin ETFs collectively holding a substantial $54.84 billion in Bitcoin, representing roughly 4.62% of the total Bitcoin market capitalization.

Ether Funds Face Outflows:

While Bitcoin ETFs enjoyed a banner day, the story was quite different for Ether funds. On the flip side, the nine Ether ETFs experienced a combined outflow of $15.11 million on September 17th. Grayscale's ETHE was the heaviest loser, shedding a significant $17.89 million. Fortunately, Grayscale's Ethereum Mini Trust managed to provide some relief with $2.77 million in inflows.

Seven other Ether ETFs had a neutral day, with neither gains nor losses. The latest outflows bring the cumulative total for Ether funds since July 23rd to a sizable $605.84 million.  Currently, the nine Ether ETFs hold a combined $6.41 billion in Ether reserves, representing approximately 2.27% of the total Ether market cap.

Join the Conversation:

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