U.S. spot Bitcoin exchange-traded funds (ETFs) saw a substantial influx of $61.98 million on Monday, in contrast to spot Ether ETFs, which experienced net outflows totaling $13.52 million. Among the 12 Bitcoin ETFs, BlackRock’s IBIT led the pack, while Grayscale’s Mini Ethereum Trust posted the highest gains in the Ether ETF category.
On August 19, the 12 spot Bitcoin ETFs collectively closed the trading day with a notable $61.98 million in gains. BlackRock’s IBIT ETF was the top performer, recording an impressive inflow of $92.68 million, pushing its total net inflows since January 11 to approximately $20.48 billion. Fidelity’s FBTC ETF also contributed to the gains, adding $3.87 million.
However, not all Bitcoin ETFs fared well. Bitwise’s BITB ETF saw the largest outflow, losing $25.72 million, followed by Invesco and Galaxy’s BTCO ETF, which shed $8.84 million. The remaining ETFs, including GBTC, ARKB, Grayscale’s Mini Bitcoin Trust, HODL, BRRR, EZBC, BTCW, and DEFI, remained stable without significant movements. Monday’s $61.98 million inflow brings the total net inflows for all 12 funds since January 11 to $17.43 billion.
In contrast, the nine spot Ether ETFs faced a tougher day, with total outflows amounting to $13.52 million. Grayscale’s Mini Ethereum Trust was the most successful, attracting $4.92 million, followed by Bitwise’s ETHW fund, which gained $1.87 million. However, Grayscale’s ETHE fund reported a significant loss of $20.3 million, contributing to the overall negative performance of Ether ETFs.
Despite the recent challenges, the nine Ether ETFs have collectively seen a decline of $433.62 million since their launch, with Grayscale’s ETHE ETF accounting for $2.43 billion in net outflows. These funds currently hold $7.30 billion in Ether, representing 2.32% of Ethereum’s market capitalization.
The divergent performances between Bitcoin and Ether ETFs highlight the ongoing volatility in the cryptocurrency market. While Bitcoin ETFs continue to attract significant investment, Ether ETFs are struggling to maintain investor confidence amid recent outflows.
As of now, the total assets under management in Bitcoin ETFs amount to $53.77 billion, representing 4.61% of Bitcoin’s market valuation. The differing fortunes of Bitcoin and Ether ETFs may reflect broader market trends and shifts in investor sentiment as the cryptocurrency landscape continues to evolve.
