On Tuesday, spot bitcoin and ethereum exchange-traded funds (ETF) attracted a notable $745.3 million in combined inflows. The two groups of funds saw steady participation, emphasizing continued investor interest in these assets.
Bitcoin ETFs Lead the Pack: Cumulative Inflows Skyrocket to $34.35 Billion
On Dec. 10, 2024, spot bitcoin ETFs pulled in $439.56 million in fresh inflows, according to data collected by Sosovalue.com. This followed Monday’s haul of $483.6 million. Leading the charge, Blackrock’s IBIT attracted $295.63 million, while Fidelity’s FBTC added $210.48 million to its books. Grayscale’s Bitcoin Mini Trust saw a smaller addition of $6.42 million.
Ark Invest’s and 21shares’ ARKB fund brought in $5.77 million, and Hashdex’s DEFI fund managed $1.10 million. Blackrock’s IBIT now commands 530,831.83 BTC, valued at $52.23 billion at current rates. However, not all ETFs had a winning day.
Grayscale’s GBTC trimmed $62.82 million, Invesco’s BTCO fund lost $11.56 million, and Vaneck’s HODL fund shed $5.45 million during the trading session.
Ethereum ETFs also had a solid Tuesday, gathering $305.74 million in inflows. Fidelity’s FETH led with $202.23 million, followed by Blackrock’s IBIT at $81.66 million. Grayscale’s Ethereum Mini Trust added $25.84 million to its holdings. On the flip side, Grayscale’s ETHE fund reported a $3.99 million decrease. The day’s inflows brought the cumulative total since July 23 to $1.87 billion.
Sosovalue.com metrics reveal that spot ether funds now hold $12.46 billion worth of ETH, representing 2.84% of ethereum’s market cap. Meanwhile, spot bitcoin ETFs have pushed their cumulative net inflows since Jan. 11 to $34.35 billion. As of Dec. 11, 2024, the 12 bitcoin ETFs collectively manage $107.76 billion worth of BTC, which equals 5.65% of bitcoin’s total market value.