**Bitcoin and Ether ETFs: Blackrock's IBIT Shines, Grayscale's Mini Ether Trust Surges**

Wednesday brought an exciting day of trading for cryptocurrency ETFs. The 12 spot bitcoin ETFs recorded approximately $795.88 million in volume, and roughly $105.84 million in inflows on the day. Blackrock's IBIT was the leader, drawing an impressive $184.38 million of inflows, and Bitwise’s BITB followed up with an additional $2.07 million. In contrast, however, Fidelity's FBTC and Ark Invest's ARKB coped with red on Wednesday, losing inflows of $33.19 million and $47.41 million, respectively. Still, bitcoin ETFs have been quite strong as they have totaled a remarkable $17.94 billion in inflows since January 11, 2024, and now hold $58.04 billion, which is roughly 4.63% of the bitcoin's total market cap.

Ether ETFs also performed strongly, reporting inflows totaling $43.23 million on Wednesday. Here, Grayscale's Mini Ether Trust was the top performer reporting inflows of $26.63 million followed by Blackrock’s ETHA with $9.38 million and Fidelity’s FETH with $6.45 million. The only other inflow reported came from 21shares’ CETH reporting an insignificant $774,100 of inflow.

It should be noted that ethereum ETFs have collectively experienced a total net outflow of $580.94 million since July 23. Currently, the nine ether funds hold roughly $7.03 billion or around 2.6 million ether or roughly 2.26% of the total market cap. Overall, Wednesday’s trading was a reminder of the fun volatility of the crypto ETF market with substantial inflows for bitcoin and activity among ether funds.