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
Shiba Inu Developer Says SHIB Is No Longer a Memcoin
Haru Invest goes bankrupt after $1 billion in cryptocurrency theft
Robert Kiyosaki Backs Saylor’s $13M Bitcoin Prediction
Famous author and financial expert Robert Kiyosaki recently shared some exciting thoughts about Bitcoin
Messari Unveils The Solana Portal
Messari has just opened the doors to The Solana Portal, a new platform designed to make it easy to track everything happening on the Solana blockchain