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Bitcoin ETFs records over $800 million inflows in 2 days, Ethereum remains quiet Bitcoin ETFs records over $800 million inflows in 2 days, Ethereum remains quiet

Bitcoin ETFs records over $800 million inflows in 2 days, Ethereum remains quiet

Fidelity dominates Bitcoin ETF inflows with $239 million as Grayscale bucks outflow trend.

Bitcoin ETF saw $809.5 million in net inflows across the last two trading days. Fidelity alone received $356 million worth of Bitcoin, according to Farside data.

On Oct. 11, Bitcoin ETF net inflows totaled $253.6 million. Fidelity’s FBTC ETF led the way with $117.1 million in inflows, while Ark’s ARKB ETF added $97.6 million. Bitwise’s BITB ETF posted $38.8 million in inflows, and Invesco’s BTCO said $7.9 million. VanEck’s HODL ETF contributed $14.3 million. Grayscale’s GBTC ETF, however, saw outflows of $22.1 million. Other funds, including those from BlackRock, Franklin, Valkyrie, and WisdomTree, remained flat.

By Monday, Oct. 14, Bitcoin ETFs saw additional substantial inflows of $555.9 million, indicating strong institutional demand. Fidelity’s FBTC ETF once again led with $239.3 million, followed by BlackRock’s IBIT ETF, which added $79.5 million. Bitwise’s BITB ETF contributed $100.2 million, while Ark’s ARKB ETF saw inflows of $69.8 million. Invesco’s BTCO and Franklin’s EZBC added smaller amounts, $4.9 million and $5.7 million, respectively. Grayscale’s GBTC ETF reversed its trend, gaining $37.8 million in inflows. Grayscale’s smaller BTC ETF also added $4.7 million.

Ethereum ETFs

On Oct. 11, 2024, Ethereum ETFs had a relatively quiet day, posting net outflows of $0.1 million. Fidelity’s FETH ETF saw $8.6 million in inflows, offset by $8.7 million in outflows from Grayscale’s ETHE fund. Other Ethereum ETFs remained flat, including those from BlackRock, Bitwise, 21Shares, VanEck, Invesco, and Franklin.

By Oct. 14, Ethereum ETFs rebounded with $17.0 million in total inflows. BlackRock’s ETHA ETF led with $14.3 million, followed by Fidelity’s FETH ETF, which added $1.3 million. Other small inflows were seen in 21Shares’ CETH and Invesco’s QETH, contributing $0.4 million and $1.0 million, respectively. No outflows were reported across any Ethereum products for the day.

The strong inflows into Bitcoin ETFs over the last two trading days, particularly in Fidelity, BlackRock, and Ark funds, suggest increasing confidence from institutional investors. Ethereum ETFs, while quieter, also saw renewed interest on Oct. 14, with BlackRock leading the way.