Bitcoin and Ethereum Spot ETFs Experience Significant Inflows
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Bitcoin Spot ETFs Witness Remarkable Recovery in October
After experiencing a bearish phase towards the end of September, Bitcoin spot ETFs have made a striking comeback, attracting over $3 billion in net inflows during the first week of the fourth quarter. This resurgence aligns with a notable price rally in Bitcoin, where the leading cryptocurrency surged by 11.35%, reaching approximately $122,000.
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Bitcoin Spot ETFs Record Second-Highest Weekly Net Deposits
Data from SoSoValue reveals that Bitcoin spot ETFs are back in robust form, amassing an impressive $3.24 billion in net inflows at the beginning of October. This recovery follows a period of $902.5 million in net outflows during the last week of September, marking it as the second-largest weekly inflow since these ETFs were launched in March 2024.
The peak inflow occurred on October 3, with $985.08 million, contrasting with the lowest inflow of $429.96 million on September 30. Across the 12 Bitcoin spot ETFs, there was a general trend of positive performance. BlackRock’s IBIT stood out, securing $1.82 billion in net deposits, elevating its cumulative net inflow to $62.63 billion and total net assets to $96.20 billion. Additionally, Fidelity’s FBTC gained attention with a significant $691.92 million in net inflows.
Ark/21Shares’ ARKB collected $254.54 million, while Bitwise’s BITB saw an addition of $211.86 million. Grayscale recorded similar gains across both products: its BTC fund achieved $87.25 million, and the converted GBTC saw $57.27 million. VanEck’s HODL followed with $65.06 million, and Invesco’s BTCO garnered $35.35 million. Positive but smaller inflows were noted for Franklin Templeton’s EZBC ($16.52 million) and Valkyrie ($4.03 million). Conversely, WisdomTree’s BTCW and Hashdex’s DEFI reported no inflows for the week.
As of this writing, the cumulative net inflow for Bitcoin spot ETFs stands at $60.05 billion, while their combined net assets are valued at $164.50 billion, accounting for 6.74% of the Bitcoin market cap.
Ethereum ETFs Reflect Market Optimism with Significant Inflows
Meanwhile, Ethereum spot ETFs have also embraced the positive market sentiment in Q4, recording a collective $1.30 billion in net inflows. Leading this charge was BlackRock’s ETHA, which continued to excel with $691.66 million in net deposits. Collectively, these funds now boast $30.57 billion in total net assets, representing 5.58% of Ethereum’s total market capitalization.
At present, Bitcoin is trading at $121,997, reflecting a slight 0.31% decline over the past day, while Ethereum is valued at $4,477.
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