US Spot Bitcoin and Ethereum ETFs: A Tale of Two Assets

Bitcoin ETFs: A Period of Outflows

Bitcoin ETFs have been experiencing a period of outflows, with a net loss of over $1 billion in the past few days. This decline in investment interest has led to a decrease in the value of the funds.

According to the latest data, Fidelity’s FBTC led the declines, losing $146 million. Grayscale’s Bitcoin Trust followed with $38.4 million in outflows, while Invesco’s BTCO saw $25.7 million in withdrawals. Bitwise’s BITB and 21Shares’ ARKB reported combined outflows of $39.6 million.

However, BlackRock’s IBIT ETF stood out against the downward trend, attracting $31.6 million in inflows.

Despite the recent sell-offs, Bitcoin ETFs have still managed to accumulate a significant amount of assets, with a total of $35.83 billion in inflows since their launch. The funds now hold 5.7% of Bitcoin’s total supply, valued at $105.08 billion, according to SoSoValue data.

Ethereum ETFs: A Surge in Inflows

Ethereum ETFs, on the other hand, have seen a surge in inflows, with a total of $130.8 million in new investments.

BlackRock’s ETHA led the way, with inflows reaching $89.5 million. It was followed by Fidelity’s FETH fund, which added $46.4 million in inflows, while Bitwise’s ETHW recorded modest gains of approximately $1 million.

However, other Ethereum ETFs saw minimal movement, except for Grayscale’s Ethereum Mini Trust, which experienced a $6.1 million outflow.

Despite this, Ethereum ETFs have collectively amassed over $2.46 billion in inflows since their launch.

Conclusion

The recent performance of US spot Bitcoin and Ethereum ETFs has been marked by a divergence in investor interest. While Bitcoin ETFs have seen a period of outflows, Ethereum ETFs have experienced a surge in inflows. This disparity may be a reflection of the different market dynamics and use cases for each asset.

FAQs

Q: What is the current state of Bitcoin ETFs?

A: Bitcoin ETFs have seen a period of outflows, with a net loss of over $1 billion in the past few days.

Q: Which Bitcoin ETFs have seen the most significant outflows?

A: Fidelity’s FBTC, Grayscale’s Bitcoin Trust, Invesco’s BTCO, Bitwise’s BITB, and 21Shares’ ARKB have seen the most significant outflows.

Q: How much have Bitcoin ETFs accumulated in assets since their launch?

A: Bitcoin ETFs have accumulated a total of $35.83 billion in assets since their launch.

Q: What is the current state of Ethereum ETFs?

A: Ethereum ETFs have seen a surge in inflows, with a total of $130.8 million in new investments.

Q: Which Ethereum ETFs have seen the most significant inflows?

A: BlackRock’s ETHA, Fidelity’s FETH, and Bitwise’s ETHW have seen the most significant inflows.

Q: How much have Ethereum ETFs accumulated in assets since their launch?

A: Ethereum ETFs have accumulated a total of $2.46 billion in assets since their launch.