US Bitcoin ETFs See $117M in Inflows; Ether ETFs Recover

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Approximately $117 million flowed into US spot Bitcoin exchange-traded funds (ETFs) during trading on Tuesday, while the group of nine spot Ethereum ETFs recovered, as indicated by data from Farside Investors.

Fidelity’s Bitcoin Fund (FBTC) led with around $63 million in net inflows on Tuesday, pushing its total net inflows to $9.5 billion after 8 months of trading.

Currently, FBTC manages $10.5 billion in Bitcoin and ranks as the third-largest Bitcoin ETF, following BlackRock’s iShares Bitcoin Trust (IBIT) and Grayscale’s Bitcoin Trust (GBTC).

Grayscale’s Bitcoin Mini Trust (BTC), a lower-cost version of GBTC, and ARK Invest/21Shares’ Bitcoin ETF (ARKB), also performed well yesterday, collecting approximately $41 million and nearly $13 million in net capital, respectively.

In contrast, IBIT, GBTC, and the other Bitcoin ETFs recorded no net inflows.

Net inflows started to increase again on Monday following an extended period of outflows from late August to early September, during which over $1 billion was withdrawn from these funds. BlackRock’s Bitcoin fund witnessed its second outflow since its launch in January.

Despite experiencing its third consecutive day of outflows on Monday, US spot Bitcoin ETFs managed to remain positive, thanks to inflows into other funds.

Significantly, IBIT has not reported any new net capital since August 27, marking one of its longest periods without change since its launch.

Nevertheless, these minor setbacks do not undermine IBIT’s leadership in the market. The fund remains a key player in the crypto ETF landscape, with holdings exceeding $20 billion.

Additionally, US spot Ethereum ETFs made a modest recovery with roughly $11 million in net inflows on Tuesday, according to Farside’s data.

Funds that showed growth included Fidelity’s Ethereum Fund (FETH) and BlackRock’s iShares Ethereum Trust (ETHA), while other competing Ethereum ETFs saw no movement.