Bitcoin and Ethereum ETF Activity Highlights
Bitcoin ETFs like Fidelity and BlackRock’s IBIT witnessed significant inflows, while Grayscale’s GBTC experienced outflows. Ethereum ETFs, on the other hand, recorded outflows with Grayscale’s ETHE leading the trend.
Bitcoin ETF Inflows Surge
Recent data shows a notable increase in U.S.-based spot Bitcoin ETF inflows, with Fidelity’s Bitcoin Fund leading the way. This surge in activity has boosted the total cumulative inflows for Bitcoin ETFs, surpassing the $17.3 billion mark.
Ethereum ETF Outflows Continue
Contrary to Bitcoin, Ethereum ETFs saw outflows, with Grayscale’s ETHE experiencing ongoing withdrawals. Fidelity’s FETH and BlackRock’s ETHA, however, recorded inflows amidst the overall outflow trend for Ethereum ETFs.
