U.S. spot bitcoin and ether exchange-traded funds posted another day of gains on Wednesday, with the leading crypto asset holding strong above the $90,000 mark.
U.S. exchange-traded funds (ETFs) tracking spot bitcoin and ether both posted another day of gains on Wednesday, with the leading crypto asset holding strong above the $90,000 mark.
The 12 spot bitcoin ETFs saw a strong inflow of $510.11 million on Nov. 13. Leading the pack, Blackrock’s IBIT fund attracted $230.81 million. IBIT held a total of 469,895.35 BTC on behalf of its ETF investors as of Monday, Nov. 14.
Close behind, Fidelity’s FBTC fund clocked in an additional $186.07 million in new investments. Grayscale’s Bitcoin Mini Trust pulled in $61.30 million on Wednesday, while Ark Invest and 21Shares’ ARKB fund netted another $14.47 million.
Bitwise’s BITB fund secured $12.33 million, while Vaneck’s HODL fund added $5.12 million. The rest of the funds remained largely steady for the day, with no major advances or declines. Overall, trading volume across the spot BTC ETFs was a substantial $8.07 billion.
Since Jan. 11, 2024, these 12 funds have seen a cumulative net inflow of $28.23 billion. At the latest tally, the spot bitcoin ETFs hold a total of $95.40 billion in BTC, which accounts for 5.38% of bitcoin’s market cap, according to metrics from sosovalue.com.
On the other hand, the ether ETFs also saw positive momentum on Wednesday, bringing in a total of $146.89 million across the four funds. Again, Fidelity’s FETH fund topped the list, raking in $101.72 million. Blackrock’s ETHA fund followed with an additional $35.63 million, while Bitwise’s ETHW fund collected $13 million.
Grayscale’s Ether Mini Trust added $2.15 million to its holdings, although Grayscale’s ETHE fund experienced a $5.6 million dip in value on Monday. The ether funds reported $722.49 million in trades on Nov. 13, and since July 23, the nine ETFs have clocked up $241.51 million in total inflows.
As of Thursday, Nov. 14, the nine funds manage a combined $9.48 billion in ETH assets, which represents 2.48% of ether’s market cap, according to data from sosovalue.com. As both the bitcoin and ether ETFs continue to attract major capital inflows, the market enthusiasm shows no sign of slowing.
