On Thursday, U.S. spot Bitcoin exchange-traded funds (ETFs) recorded $11.11 million in net inflows, while spot Ether ETFs suffered $39.21 million in net outflows, according to data from sosovalue.xyz. This marks a continuation of divergent trends between the two leading crypto assets.
Bitcoin ETF Details: FBTC Leads, GBTC Drags
Among Bitcoin ETFs, Fidelity's FBTC led the pack with $16.25 million in inflows, followed by Grayscale's Mini Bitcoin Trust with $13.66 million and Bitwise's BITB with $6.23 million. However, Grayscale's GBTC reversed the trend by shedding $25.03 million. The remaining nine funds (IBIT, ARKB, HODL, BRRR, BTCO, EZBC, BTCW, and DEFI) reported no inflows or outflows.
Since their launch on Jan. 11, 2024, the 12 Bitcoin ETFs have accumulated net inflows of $17.33 billion. Thursday's trading volume reached approximately $1.79 billion, and the funds collectively hold about $51.99 billion in Bitcoin reserves.
Ether ETFs: ETHE Bleeds, FETH and ETHA See Modest Gains
Spot Ether ETFs faced another losing day, with Grayscale's ETHE being the primary culprit, posting an outflow of $42.52 million. On the positive side, Fidelity's FETH brought in $2.54 million, and BlackRock's ETHA added a modest $770,350.
Since their launch on July 23, the nine Ether ETFs have recorded cumulative net outflows of $405.11 million. Their total holdings stand at $7.16 billion, representing 2.33% of Ether's market capitalization.
Market Outlook
Thursday's data suggests a cautious recovery in investor sentiment toward Bitcoin, while Ether continues to face significant selling pressure, largely due to Grayscale's ETHE redemptions. As macroeconomic factors and regulatory updates unfold, crypto ETF flows may see further shifts in the coming sessions.
At press time, Bitcoin was trading around $58,000 and Ether around $2,600, with the broader market remaining cautious.