U.S. spot bitcoin exchange-traded funds (ETFs) recorded $64.91 million in net inflows on Thursday, marking six consecutive days of positive flows. The steady inflows underscore continued investor interest in bitcoin despite market fluctuations.
Among the ETFs, BlackRock’s IBIT, the largest spot bitcoin ETF by assets, led the charge with $75.49 million in net inflows, according to data from SoSoValue. Fidelity’s FBTC ETF also saw significant activity, bringing in $9.23 million, followed by Ark and 21Shares’ ARKB with $7.83 million. Other notable inflows included WisdomTree’s BTCW at $4.8 million, Grayscale’s BTC ETF at $4 million, and VanEck’s HODL ETF with $3.41 million.
However, not all funds fared well. Grayscale’s GBTC, the second-largest spot bitcoin ETF, experienced $28.36 million in outflows, while Bitwise’s BITB saw $11.5 million exit the fund.
Despite the robust inflows, overall trading volumes dipped, with the 12 spot bitcoin ETFs recording $889.67 million in total trading volume on Thursday, down from $1.42 billion the day prior.
Ether ETFs See Modest Outflows
While bitcoin ETFs attracted significant interest, U.S. spot Ethereum ETFs saw modest outflows, totaling $874,610 on Thursday. This was a marked improvement compared to the $17.97 million in outflows recorded the previous day.
Grayscale’s Ethereum Trust (ETHE) continued its streak of negative flows, reporting $19.84 million in outflows, the only spot ether ETF to see losses. On the other hand, Fidelity’s FETH led the inflows with $14.33 million, while the Grayscale Ethereum Mini Trust (ETH) and VanEck’s ETHV logged inflows of $3.68 million and $954,100, respectively. The five other spot ether ETFs reported no significant flows.
The total trading volume for ether ETFs also saw a sharp decline, dropping to $93.87 million on Thursday from $201 million the previous day.
The contrasting performances of bitcoin and ether ETFs highlight investor preferences in the current market, with bitcoin continuing to attract interest as institutional adoption expands, while ether ETFs face more mixed sentiment.
