Bitcoin, Ether ETFs Show Positive Inflows as Reserves Climb

Leading the charge on Thursday, Ark Invest and 21shares' ARKB fund attracted a hefty $81.07 million. Fidelity's FBTC followed closely, reeling in $49.88 million.

Bitcoin and ether exchange-traded funds (ETFs) showed positive net inflows on Thursday, as per data from ETF.com. Among the bitcoin ETFs, Ark Invest and 21shares’ ARKB fund led the way with $81.07 million in inflows.

Fidelity’s FBTC ETF followed with $49.88 million, while Bitwise’s BITB ETF, Grayscale’s Bitcoin Mini Trust, and Franklin Templeton’s EZBC ETF also saw positive inflows.

Meanwhile, major funds like IBIT, GBTC, HODL, BRRR, BTCO, BTCW, and DEFI had a flat day, neither gaining nor losing ground in terms of net flows.

Overall, bitcoin ETFs saw $158.21 million in net inflows, bringing the total inflows since Jan. 11, 2024, to $17.6 billion.

As of Thursday, the 12 bitcoin ETFs had about $1.44 billion in volume and held $57.82 billion in BTC reserves, which is about 4.64% of bitcoin’s total market capitalization.

Moving on to ether ETFs, nine funds showed positive net inflows, accumulating a total of $5.24 million.

All the ether ETF action came from Blackrock’s ETHA fund, which scooped up the entire $5.24 million in net flows.

Other funds like ETHE, ETH, FETH, ETHW, ETHV, EZET, QETH, and CETH stayed neutral with no gains or losses in net flows.

In total, $250.84 million in ether ETFs were traded on Thursday, and as of now, the nine funds hold $6.7 billion in ETH reserves, which is around 2.26% of ethereum’s market capitalization based on Sept. 20’s ETH exchange rates.