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$20B flows into Bitcoin ETFs since January as Wednesday gains surge

$20B flows into Bitcoin ETFs since January as Wednesday gains surge

GrafaGrafa2024/10/18 01:00
By:Mahathir Bayena

Bitcoin (CRYPTO:BTC) exchange-traded funds (ETFs) continued their strong performance on Wednesday, pulling in $458.54 million in gains. 

According to data from sosovalue.xyz, this brings the total inflows across 12 Bitcoin ETFs to $20.19 billion since January 2024. 

Blackrock’s IBIT led the way, amassing $393.4 million, followed by Fidelity’s FBTC with $14.81 million. 

Other top performers included Bitwise’s BITB with $12.93 million and Franklin Templeton’s EZBC, which added $11.79 million. 

Ark Invest and 21shares’ ARKB collected $11.51 million, while Invesco’s BTCO and Vaneck’s HODL saw $6.43 million and $5.75 million, respectively. 

Valkyrie’s BRRR added $1.92 million to its holdings. 

The 12 Bitcoin ETFs now hold $64.46 billion, representing 4.82% of Bitcoin’s total market capitalisation, edging closer to the 5% threshold. 

Ether (CRYPTO:ETH) ETFs also saw positive inflows on Wednesday, gaining $24.22 million. 

Blackrock’s ETHA was the top performer in this category, bringing in $11.89 million. 

Fidelity’s FETH followed with $8.5 million, and Vaneck’s ETHV added $3.83 million. 

Despite this uptick, Ether ETFs are still down $530.30 million since July 23. 

The trading volume for Bitcoin ETFs reached $1.58 billion, while Ether ETFs saw $113.45 million in trades. 

Ether funds now control $7.19 billion, accounting for 2.28% of ether’s market value, reflecting the continued interest in both Bitcoin and Ether ETFs as the market experiences shifts in demand.

At the time of writing, the Bitcoin (BTC) price was $67,315.82.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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