Spot Bitcoin ETFs Rebound with $300M Influx, Outshine Struggling Ethereum ETFs

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Over the past week, US-based spot Bitcoin ETFs have reported over $300 million in net inflows, signaling a return to positive market trends after a challenging start to the fourth quarter of 2024. Data from SoSoValue highlights a stark contrast with spot Ethereum ETFs, which continue to struggle despite reduced net outflows.

Following a significant $300 million net outflow in the first week of October, the spot Bitcoin ETF market rebounded on Monday, October 7, with net inflows of $236.19 million. However, a three-day decline ensued, resulting in cumulative outflows of $179.98 million from October 8 to October 10. The week concluded on a high note on Friday, October 12, with an impressive $253.54 million in inflows, marking the highest daily capital investment within the past two weeks. Fidelity’s FBTC led the charge with inflows of $117.10 million.


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Other notable gains came from Ark & 21 Shares ARKB, which saw inflows amounting to $97.58 million, and Bitwise’s BITB, which garnered $38.81 million from investors. VanEck’s HODL and Invesco’s BTCO also recorded significant inflows of $14.26 million and $7.88 million, respectively. All other Bitcoin spot ETFs, including BlackRock’s IBIT, showed no inflows, except for Grayscale’s GBTC, which experienced a net outflow of $22.09 million.

These positive movements have resulted in the total net assets of the spot Bitcoin market rising to $58.66 billion, accounting for 4.71% of the Bitcoin market cap. BlackRock’s IBIT holds a dominant position with about 40% of these assets, encompassing 369,640.1 BTC valued at $23.30 billion. Grayscale’s GBTC, which was initially the largest Bitcoin spot ETF with 600,000 BTC tokens, has experienced substantial outflows valued at $20.19 billion, placing it second with 220,177.5 BTC worth $13.85 billion.

In contrast, spot Ethereum ETFs continued their negative performance, recording net outflows of $5.22 million over the past week. Although this is a $25.47 million reduction from the previous week’s figures, it marks the 10th week of negative returns in the past 12 trading weeks for these funds. Interestingly, the spot Ether ETFs only showed a single day of inflow, amounting to $3.06 million.

The cumulative net outflows for spot Ethereum ETFs now stand at $558.88 million. Meanwhile, the total value traded in this market is recorded at $143.54 million.

As of the latest trading data, Ethereum is priced at $2,459, reflecting a 0.78% increase over the last day. Bitcoin remains valued at $62,725, following a modest 0.22% price rise within the same period.