Bitcoin ETFs have achieved great success this week, exceeding $20 billion in total! đ With $1.5 billion added on Thursday, the total has reached $20.73 billion. This is considered one of the most difficult metrics to grow in the ETF world.
ETF Store President Nate Geraci stated that more than $2 billion has flowed into spot Bitcoin ETFs in the last five trading days. This figure is equivalent to the amount received by physical gold ETFs in a year.
BlackRockâs iShares Bitcoin Trust (IBIT) is the leader with $309 million in inflows. Ark 21Shares (ARKB) came in second with $100.2 million in inflows. Even Grayscaleâs GBTC fund saw $45.7 million in inflows.
Ethereum ETFs have not seen the same interest. However, on October 17, a total of $48.4 million in inflows were reported across nine funds. Fidelityâs Ethereum ETF (FETH) led the way with $31.1 million. BlackRockâs iShares Ethereum Trust (ETHA) came in second with $23.6 million inflows.
Grayscaleâs Ethereum Trust (ETHE) continues to bleed with $15.7 million outflows, for a total of $469 million outflows.