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Cryptocurrency News Articles
Ether ETFs See Zero Flows for Second Time as Bitcoin ETFs Post Biggest Inflows in 6 Days
Oct 08, 2024 at 05:50 pm
Bitcoin ETFs enjoyed their highest net inflows since Sept. 27, with FBTC and IBIT leading the way.
Ether (ETH) exchange-traded funds (ETFs) in the U.S. saw zero flows on Monday for only the second time since their listing in July, data from SoSoValue showed.
In contrast, Bitcoin (BTC) ETFs enjoyed their highest inflows since Sept. 27, adding a net $235.2 million.
Here’s what happened yesterday.
Ether ETFs See Zero Flows Again
Ether ETFs in the U.S. saw zero flows on Monday for only the second time since their listing in July, data from SoSoValue showed.
The figures underline the differing fortunes of BTC and ETH products in the U.S. Bitcoin ETFs have seen inflows of nearly $18.75 billion since they listed in January, while their ether equivalents are $500 million in the red since becoming available in July.
Bitcoin ETFs Post Biggest Inflows in 6 Days
Bitcoin ETFs enjoyed their highest net inflows since Sept. 27, adding a net $235.2 million on Monday, data from SoSoValue showed.
Fidelity’s product (FBTC) led the gains with $103.7 million while BlackRock’s fund (IBIT) garnered $97.9 million. The total net inflows for BTC and ETH products now stand at $18.75 billion and -$500 million, respectively.
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