U.S. Bitcoin ETFs experience a $25.59M inflow on Friday, with Bitwise’s BITB and Fidelity’s FBTC leading the charge. Ether ETFs also saw $7.39M in inflows, led by Blackrock’s ETHA.
Bollywoodfever: Friday brought positive news for the cryptocurrency ETF market, as the 12 U.S. spot bitcoin ETFs recorded $25.59 million in inflows following three consecutive days of outflows. Leading the charge was Bitwise’s BITB, which garnered $15.29 million, followed by Fidelity’s FBTC with $13.63 million.
Ark Invest’s ARKB and Vaneck’s HODL also saw positive inflows, each pulling in $5.29 million. However, Grayscale’s GBTC diverged from the trend, posting a loss of $13.91 million.
Despite this, the combined inflows pushed the cumulative net total since January 11 to $18.5 billion, with Friday’s trade volume reaching $1.19 billion.
Overall, the 12 bitcoin ETFs now manage $57.73 billion in bitcoin, representing 4.68% of the asset’s total market cap.
On the ethereum side, the nine spot ether ETFs attracted $7.39 million in inflows, with Blackrock’s ETHA leading the pack, securing $14.72 million.
Bitwise’s ETHW added $871,300, while Grayscale’s ETHE saw a notable divestment of $8.2 million. Since July 23, ether ETFs have faced $553.66 million in net outflows.
Ether funds had a trading volume of $148.01 million on Friday, and currently, the nine ETFs hold $6.66 billion in ether, representing 2.28% of ethereum’s market cap.
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