The weekly review of cryptocurrency ETF flows shows continued positive dynamics for Bitcoin, while Ether faces outflows.
Introduction
According to data from SoSoValue, the 12-spot Bitcoin ETFs recorded $61.3 million in net inflows, extending their positive flow streak for the eighth consecutive day. Meanwhile, spot Ether ETFs experienced outflows following a day of positive flows.
Bitcoin ETF Flow Dynamics
BlackRock's IBIT led the lot with inflows of $72.15 million, continuing its inflow streak for the sixth consecutive day. Fidelity's FBTC drew in $8.32 million. ARK and 21Shares' ARKB saw outflows of $9.5 million. Bitwise's BITB saw $9.67 million exit its fund. Grayscale's GBTC registered no inflows on Monday following the $26.15 million in inflows seen the previous trading day. The total trading volume across the 12 BTC ETFs saw a notable decrease, dipping to $1.37 billion from the prior day's levels.
Ether ETF Flows
According to SoSoValue, the seven spot Ethereum ETFs in the U.S. recorded $822,290 in net outflows on Sept. 30, following inflows of $58.65 million the previous trading day. Grayscale's ETHE continued to experience outflows, losing $11.81 million. However, BlackRock's ETHA offset a large portion of these losses by attracting $10.99 million in net inflows, marking its fifth consecutive day of inflows. The trading volume for these investment vehicles also saw a slump, dropping to $149.14 million from $249 million seen the previous day.
Overall, cryptocurrency ETFs show diverse dynamics: Bitcoin continues to attract funds, while Ether faces outflows. These trends highlight current market sentiments in the digital asset sphere.
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