Spot Bitcoin ETFs Shine Bright as Ethereum ETFs Rebound: Weekly Inflows Exceed $2 Billion

Spot Bitcoin ETFs Dominate with Record-Breaking Inflows

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The US-based spot Bitcoin ETFs have been on a roll, attracting a staggering $2.1 billion in net inflows over the past week. This incredible performance highlights the growing investor confidence in Bitcoin and the potential of these ETFs to drive mainstream adoption.

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The week began with a bang, as spot Bitcoin ETFs saw $555.86 million in inflows on Monday, October 14th, marking the highest daily inflows since June 4th. This momentum continued throughout the week, resulting in a total inflow of $2.18 billion, the fourth-highest weekly net flow since their launch in January.

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BlackRock’s IBIT, the largest spot Bitcoin ETF, led the charge with over $1.14 billion in investments, further solidifying its dominance with a cumulative net inflow of $22.84 billion. Fidelity’s FBTC followed closely with $318.82 million in inflows. Bitwise’s BITB attracted $149.81 million, while Grayscale’s GBTC, after 21 consecutive weeks of outflows, recorded its largest weekly inflow of $91.47 million.

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The cumulative total net inflows of all spot Bitcoin ETFs now stand at $20.98 billion, with a total net asset value of $66.11 billion, representing 4.89% of the Bitcoin market cap. These impressive figures, achieved within ten months of trading, showcase the transformative impact these ETFs are having on Bitcoin’s accessibility and adoption.

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Ethereum ETFs Bounce Back with Positive Inflows

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While the spot Bitcoin ETFs have been stealing the show, their Ethereum counterparts have also shown signs of a rebound. After thirteen weeks of trading, Ethereum ETFs finally experienced their third positive weekly inflow, attracting a total of $78.98 million.

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BlackRock’s ETHA, the largest Ethereum ETF, contributed the lion’s share of the inflows with $49.76 million, followed by Fidelity’s FETH with $43.52 million. Despite this positive trend, Ethereum ETFs still report a negative cumulative total net outflow of $479.99 million, representing 2.31% of the Ethereum market cap, valued at $7.35 billion ETH.

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The recent performance of both Bitcoin and Ethereum ETFs underscores the growing investor appetite for crypto assets, as institutional investors continue to embrace digital assets as a viable asset class.

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**Note:** This article is for informational purposes only and should not be considered financial advice.