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Bitcoin ETFs in the U.S. recorded another strong day of inflows, marking their fifth consecutive day of net positive gains. On Wednesday, these funds collectively attracted $105.84 million in total inflows, a sign of growing investor confidence despite recent market volatility.
Individual Contribution
BlackRock’s iShares Bitcoin Trust (IBIT) led the charge with a staggering $184.38 million in inflows, making it the largest contributor to the day’s positive momentum. Data from SoSoValue showed that BlackRock’s IBIT continues to dominate the Bitcoin ETF space.
Bitwise’s Bitcoin Strategy ETF (BITB) also saw a modest gain, with $2.07 million flowing into the fund. However, not all ETFs shared in the day’s positive trend. Ark Invest and 21Shares’ ARKB Bitcoin ETF saw significant outflows, totaling $47.41 million. Fidelity’s FBTC Bitcoin ETF followed suit, with $33.19 million leaving the fund.
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The remaining eight Bitcoin ETFs, including Grayscale’s flagship GBTC, experienced no changes in their net flows for the day.
Trading volume across the 12 spot Bitcoin funds hit $795.88 million on Wednesday, a drop from Tuesday’s $1.11 billion, indicating slightly lower market activity. Since their January launch, the Bitcoin ETFs have accumulated a total of $17.94 billion in net inflows, showcasing the long-term interest in these crypto investment products.
Ether ETFs See Modest Inflows
Spot Ether ETFs also posted net inflows on Wednesday, amounting to $43.23 million in total. Grayscale’s Ethereum Mini Trust led this category with $26.63 million in inflows, underscoring its strong position in the market. BlackRock’s Ether ETF (ETHA) brought in $9.38 million, while Fidelity’s FETH saw $6.45 million in positive flows.
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21Shares’ CETH Ether ETF, which had been quiet for several weeks, recorded its first net inflows since July 31, attracting approximately $774,100 on Wednesday. Despite these positive movements, Ether ETFs have generally been in decline, with total net outflows of $580.94 million since their launch in July.
The nine Ether ETFs posted a combined trading volume of $124.18 million on Wednesday. Though still below Bitcoin ETF levels, these numbers show a continuing interest in Ethereum-based investment products.
In related news, Ark Invest offloaded 44,609 shares of its spot Bitcoin ETF (ARKB) from its Next Generation Internet ETF (ARKW) earlier this month. The sale was valued at $2.8 million at the time.
