Bitcoin and Ethereum ETF Winning Streak Ongoing With $275M Combined Inflows
- Bitcoin ETFs command $66.11 billion in BTC or 4.89% of its market cap.
- Ethereum ETFs hold $7.35 in ETH, or 2.31% of its market cap.
- Last week, BTC ETF inflows totaled over $2.1 billion in inflows.
U.S. spot Bitcoin ( BTC ) and Ethereum ( ETH ) exchange-traded funds (ETFs) finished the week with a fifth day of solid inflows.
Bitcoin ETFs
As per SoSoValue data, Bitcoin ETFs ended last week, Oct. 18, with a sturdy $273.71 million in net inflows, bringing that week’s total to over $2.1 billion. This marks the biggest five-day period of inflows since the week of March 15.
Bitcoin ETF flows. Source: SoSoValueTaking a rare leading position, the ARK 21Shares Bitcoin ETF (ARKB) secured $109.86 million in net inflows, bringing its cumulative net inflows to $2.86 billion.
Close behind is the top-performing fund, BlackRock’s iShares Bitcoin Trust (IBIT), which pulled in $70.41 million in net inflows. IBIT’s cumulative net inflows now stand at $22.84 billion.
The Bitwise Bitcoin ETF (BITB) captured $35.96 million, increasing its cumulative net inflows to $2.3 billion. It is followed by VanEck’s Bitcoin ETF (HODL), which tallied $23.34 million to its portfolio.
Fidelity’s Wise Origin Bitcoin Fund (FBTC) netted a modest $18.03 million. FBTC is the second-best-performing BTC fund, with $10.3 billion in cumulative net inflows. Finally, Invesco’s Galaxy Bitcoin ETF (BTCO) bagged $16.11 million.
All other funds ran neutral, and a total of $2.23 billion was traded.
Ethereum ETFs
According to SoSoValue data, Ethereum ETFs ended the week on a modest high note, posting $1.91 million in net inflows on Oct. 18.
Ethereum ETF flows. Source: SoSoValueOnly one fund saw any flow activity: the Bitwise Ethereum ETF (ETHW), which saw $1.91 million in net inflows. With $321.28 million in cumulative net inflows, ETHW is the third-best-performing ETH ETF among its competitors.
Other than that, all funds flowed neutral, and just $139.46 million was traded. Though the results for ETH ETFs are often underwhelming, funds are beginning to trend green a little more consistently.
Furthermore, the week ending Oct. 18 marks the third time that ETH ETFs have posted positive weekly inflows, which totaled a modest $78.89 million on Oct. 18.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin Outperforms Gold as BTC/Gold Registers Biggest Single-Day Rise Since February 2022
Ethereum Foundation launches Mekong, the first short-term Pectra testnet
XYZ vs. Solana vs. Cardano—Why This All-Sports Meme Coin Could Bring 10,000% Returns
NEAR, ICP, and TAO Surge as Nvidia Claims Top Spot Over Apple in Global Market Cap