Bitcoin and Ethereum ETFs See Massive Inflows.
📈 On December 10, 2024, Bitcoin and Ethereum ETFs attracted a total of $745.3 million in inflows, highlighting continued investor interest in the assets. Bitcoin funds led the way with new inflows of $439.56 million, following $483.6 million the day before. BlackRock’s IBIT fund was the best performer, attracting $295.63 million, while Fidelity’s FBTC fund added $210.48 million. Grayscale’s Bitcoin Mini Trust registered a smaller increase of $6.42 million.
📉 However, not all funds made gains. Grayscale’s GBTC fund recorded a decline of $62.82 million, while Invesco’s BTCO and HODL funds lost around $11.56 million and $5.45 million, respectively. Ethereum ETFs performed well, collecting $305.74 million in inflows. Fidelity’s FETH fund led the pack with $202.23 million, followed by Blackrock’s IBIT fund with $81.66 million, and Grayscale’s Ethereum Mini Trust fund, which added $25.84 million. In contrast, Grayscale’s ETHE fund recorded a decline of $3.99 million.
📊 As of July 23, total inflows into Ether spot funds have reached $1.87 billion, with current holdings estimated at $12.46 billion — representing 2.84% of Ether’s market cap. As for Bitcoin ETFs, cumulative net inflows have increased to $34.35 billion since January 11, and their management is estimated at $107.76 billion worth of Bitcoin as of December 11, representing 5.65% of Bitcoin’s total market cap.
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