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Spot Bitcoin ETFs Suffer $91.76M Loss as Ethereum ETFs Rebound
U.S. spot bitcoin exchange-traded funds (ETFs) experienced another day in the red, with $91.76 million flowing out of the funds. However, spot ethereum ETFs showed some resilience, pulling in $14.45 million in fresh inflows on Wednesday.
Bitcoin ETFs Experience Outflows as Ethereum ETFs Rise Above
On Oct. 2, 2024, the 12 U.S.-based spot bitcoin ETFs faced a collective outflow of $91.76 million. The day’s trade volume hit $1.66 billion, with Ark Invest and 21shares’ ARKB leading the downturn, losing $60.28 million. Grayscale’s GBTC followed with a $27.31 million dip, while Blackrock’s IBIT saw a $13.74 million decline, and Bitwise’s BITB lost $11.51 million.
Offering a silver lining, Fidelity’s FBTC managed to bring in $21.08 million in positive inflows. The remaining bitcoin ETFs ended the day mostly flat, without notable gains or losses. Meanwhile, ethereum ETFs saw brighter results, with $14.45 million in inflows from $197.82 million in trade volume.
Blackrock’s ETHA stood out as the biggest winner, adding $18.04 million. Franklin Templeton’s EZET also saw a modest gain of $1.81 million. On the flip side, Grayscale’s ETHE lost $5.4 million, while the rest of the ethereum ETFs wrapped up the day with no significant changes. The $14.45 million gain reduces the cumulative net outflows since July 23 to $557.86 million.
All nine ethereum funds hold $6.51 billion worth of ETH, representing 2.27% of the total market cap of ethereum. In comparison, the $91.76 million loss brings the 12 spot bitcoin ETFs’ cumulative net inflows to $18.53 billion since Jan. 11. According to sosovalue.xyz data, these funds now collectively hold $55.85 billion in BTC, which accounts for 4.64% of bitcoin’s total market value.
#ETH #ETHA #Blackrock #ETF $ETH
$ETH
U.S. spot bitcoin exchange-traded funds (ETFs) experienced another day in the red, with $91.76 million flowing out of the funds. However, spot ethereum ETFs showed some resilience, pulling in $14.45 million in fresh inflows on Wednesday.
Bitcoin ETFs Experience Outflows as Ethereum ETFs Rise Above
On Oct. 2, 2024, the 12 U.S.-based spot bitcoin ETFs faced a collective outflow of $91.76 million. The day’s trade volume hit $1.66 billion, with Ark Invest and 21shares’ ARKB leading the downturn, losing $60.28 million. Grayscale’s GBTC followed with a $27.31 million dip, while Blackrock’s IBIT saw a $13.74 million decline, and Bitwise’s BITB lost $11.51 million.
Offering a silver lining, Fidelity’s FBTC managed to bring in $21.08 million in positive inflows. The remaining bitcoin ETFs ended the day mostly flat, without notable gains or losses. Meanwhile, ethereum ETFs saw brighter results, with $14.45 million in inflows from $197.82 million in trade volume.
Blackrock’s ETHA stood out as the biggest winner, adding $18.04 million. Franklin Templeton’s EZET also saw a modest gain of $1.81 million. On the flip side, Grayscale’s ETHE lost $5.4 million, while the rest of the ethereum ETFs wrapped up the day with no significant changes. The $14.45 million gain reduces the cumulative net outflows since July 23 to $557.86 million.
All nine ethereum funds hold $6.51 billion worth of ETH, representing 2.27% of the total market cap of ethereum. In comparison, the $91.76 million loss brings the 12 spot bitcoin ETFs’ cumulative net inflows to $18.53 billion since Jan. 11. According to sosovalue.xyz data, these funds now collectively hold $55.85 billion in BTC, which accounts for 4.64% of bitcoin’s total market value.
#ETH #ETHA #Blackrock #ETF $ETH
$ETH
Ethereum Spot ETFs See $14.45M Net Inflow Amid Grayscale Outflows 💰
On October 2, Ethereum spot ETFs recorded a total net inflow of $14.45 million. #Grayscale ’s Ethereum Trust (ETHE) saw a net outflow of $5.4 million, contributing to a total historical net outflow of $2.939 billion, while its Ethereum Mini Trust had no outflows, maintaining its historical net inflow of $295 million.
BlackRock’s ETF (#ETHA ) led daily inflows with $18.04 million, followed by Franklin Templeton’s ETF (EZET) with $1.81 million. The total net asset value of Ethereum spot ETFs stands at $6.508 billion, with cumulative historical net outflows of $558 million.
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On October 2, Ethereum spot ETFs recorded a total net inflow of $14.45 million. #Grayscale ’s Ethereum Trust (ETHE) saw a net outflow of $5.4 million, contributing to a total historical net outflow of $2.939 billion, while its Ethereum Mini Trust had no outflows, maintaining its historical net inflow of $295 million.
BlackRock’s ETF (#ETHA ) led daily inflows with $18.04 million, followed by Franklin Templeton’s ETF (EZET) with $1.81 million. The total net asset value of Ethereum spot ETFs stands at $6.508 billion, with cumulative historical net outflows of $558 million.
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US Spot $ETH ETFs broke a 9-day outflow streak with a net inflow!
It saw a total Net inflow of $5.84M as of 28th
August
Grayscale (#ETHETFS ): -$3.81M
Blackrock (#ETHA ): +$8.40M
● Fidelity (#TON ): +$1.26M
#CryptoMarketMoves
#BinanceBlockchainWeek
It saw a total Net inflow of $5.84M as of 28th
August
Grayscale (#ETHETFS ): -$3.81M
Blackrock (#ETHA ): +$8.40M
● Fidelity (#TON ): +$1.26M
#CryptoMarketMoves
#BinanceBlockchainWeek
BlackRock Launches Ethereum ETF on Brazil’s B3 Exchange 👏🏻
BlackRock is set to list its iShares Ethereum Trust (#ETHA ) on Brazil's B3 stock exchange under the ticker code ETHA39. This listing follows the earlier introduction of its iShares Bitcoin Trust ETF (IBIT) on the same exchange.
The ETF will be available as a Brazilian depositary receipt (#BDR ), allowing investors to access Ethereum, the second-largest cryptocurrency by market capitalization. BlackRock's ETHA recently surpassed $1 billion in cumulative net inflows in the U.S., marking a significant milestone.
The #Brazilian market has also seen the approval of Solana-based ETFs by the Brazilian Securities and Exchange Commission.
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BlackRock is set to list its iShares Ethereum Trust (#ETHA ) on Brazil's B3 stock exchange under the ticker code ETHA39. This listing follows the earlier introduction of its iShares Bitcoin Trust ETF (IBIT) on the same exchange.
The ETF will be available as a Brazilian depositary receipt (#BDR ), allowing investors to access Ethereum, the second-largest cryptocurrency by market capitalization. BlackRock's ETHA recently surpassed $1 billion in cumulative net inflows in the U.S., marking a significant milestone.
The #Brazilian market has also seen the approval of Solana-based ETFs by the Brazilian Securities and Exchange Commission.
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#Binance
#crypto2024
Crypto ETFs Dominate 2024 with Record Inflows and Market Expansion 📈
In 2024, cryptocurrency #ETFs dominated the market, with 13 of the top 25 largest ETF launches by inflows. The four biggest launches were all spot Bitcoin ETFs, led by BlackRock’s iShares Bitcoin Trust (IBIT) with nearly $21 billion in inflows. Other significant funds include Fidelity’s Wise Origin Bitcoin Fund (FBTC) and ARK 21Shares Bitcoin ETF (ARKB).
Additionally, the iShares Ethereum Trust ETF (#ETHA ) surpassed $1 billion in inflows, leading the Ether-focused ETFs. As of August, total net assets in spot Bitcoin and Ethereum ETFs have exceeded $60 billion.
The market is expected to grow further with the introduction of new single-asset funds, such as Solana ETFs, and diversified crypto indexes like the Hashdex #Nasdaq Crypto Index ETF. This reflects massive adoption, with net inflows into spot crypto ETFs surpassing previous records in the ETF industry.
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In 2024, cryptocurrency #ETFs dominated the market, with 13 of the top 25 largest ETF launches by inflows. The four biggest launches were all spot Bitcoin ETFs, led by BlackRock’s iShares Bitcoin Trust (IBIT) with nearly $21 billion in inflows. Other significant funds include Fidelity’s Wise Origin Bitcoin Fund (FBTC) and ARK 21Shares Bitcoin ETF (ARKB).
Additionally, the iShares Ethereum Trust ETF (#ETHA ) surpassed $1 billion in inflows, leading the Ether-focused ETFs. As of August, total net assets in spot Bitcoin and Ethereum ETFs have exceeded $60 billion.
The market is expected to grow further with the introduction of new single-asset funds, such as Solana ETFs, and diversified crypto indexes like the Hashdex #Nasdaq Crypto Index ETF. This reflects massive adoption, with net inflows into spot crypto ETFs surpassing previous records in the ETF industry.
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📢 On July 25, Ethereum spot ETFs recorded an outflow of $152 million.
• Grayscale (#ETHE ) from the Ethereum spot ETF experienced an outflow of $346 million.
• Blackrock (#ETHA ) Ethereum spot ETF received $70 million inflow.
• Fidelity Spot ETF (#FETH ) saw inflows of $16 million.
• Bitwise Spot ETF (#ETHW ) on Ethereum received $16 million in inflows.
📢 On July 25, spot Bitcoin ETFs recorded an inflow of $31 million.
• Grayscale Spot Bitcoin ETF (#GBTC ) experienced $39 million in outflows.
• Blackrock ETF (IBIT) received $70 million in inflows.
• Grayscale (#ETHE ) from the Ethereum spot ETF experienced an outflow of $346 million.
• Blackrock (#ETHA ) Ethereum spot ETF received $70 million inflow.
• Fidelity Spot ETF (#FETH ) saw inflows of $16 million.
• Bitwise Spot ETF (#ETHW ) on Ethereum received $16 million in inflows.
📢 On July 25, spot Bitcoin ETFs recorded an inflow of $31 million.
• Grayscale Spot Bitcoin ETF (#GBTC ) experienced $39 million in outflows.
• Blackrock ETF (IBIT) received $70 million in inflows.
📢 On July 23 (first trading day), spot Ethereum ETFs recorded inflows of $106 million.
•Grayscale (#ETHE ) spot Ethereum ETF experienced an outflow of $484 million.
•Blackrock (#ETHA ) spot Ethereum ETF experienced an inflow of $266 million.
•Fidelity (#FETH ) spot Ethereum ETF saw inflows of $71 million.
•Bitwise (#ETHW ) spot Ethereum ETF experienced an inflow of $204 million.
•Grayscale (#ETHE ) spot Ethereum ETF experienced an outflow of $484 million.
•Blackrock (#ETHA ) spot Ethereum ETF experienced an inflow of $266 million.
•Fidelity (#FETH ) spot Ethereum ETF saw inflows of $71 million.
•Bitwise (#ETHW ) spot Ethereum ETF experienced an inflow of $204 million.
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Comparison between Ethereum and Bitcoin ETFs:
As we mentioned earlier on the Arab Bitcoin platform, Ethereum ETFs collected $106 million in net inflows on their first day.
Despite large withdrawals from the Grayscale Fund (ETHE) amounting to approximately $500 million, flows into other funds, such as ETHA and ETHW, helped mitigate the negative impact.
However, the next three days saw a change in trend, as flows shifted to daily withdrawals of $133.3 million on July 24, $152.4 million on July 25, and $162.7 million on July 26.
This worrying trend has led to increased outflows, with the Grayscale (ETHE) fund alone losing $326.9 million, $346.2 million, and $356.3 million sequentially.
Bitcoin ETFs saw larger inflows in their first four days, reaching $650 million on the first day, $203 million on the second day, and $453.8 million on the fourth day.
The third day alone witnessed external inflows worth $52.7 million, bringing the total net inflows to approximately $1.260 billion in just four days, which is a huge difference.
#ETHE
#ETHA
#ETHW
$ETH
As we mentioned earlier on the Arab Bitcoin platform, Ethereum ETFs collected $106 million in net inflows on their first day.
Despite large withdrawals from the Grayscale Fund (ETHE) amounting to approximately $500 million, flows into other funds, such as ETHA and ETHW, helped mitigate the negative impact.
However, the next three days saw a change in trend, as flows shifted to daily withdrawals of $133.3 million on July 24, $152.4 million on July 25, and $162.7 million on July 26.
This worrying trend has led to increased outflows, with the Grayscale (ETHE) fund alone losing $326.9 million, $346.2 million, and $356.3 million sequentially.
Bitcoin ETFs saw larger inflows in their first four days, reaching $650 million on the first day, $203 million on the second day, and $453.8 million on the fourth day.
The third day alone witnessed external inflows worth $52.7 million, bringing the total net inflows to approximately $1.260 billion in just four days, which is a huge difference.
#ETHE
#ETHA
#ETHW
$ETH
