On Thursday, U.S. spot bitcoin exchange-traded funds (ETFs) extended their positive momentum, marking the sixth consecutive day of inflows and attracting a total of $64.91 million. This strong performance contrasts sharply with the struggles of spot ether ETFs, which saw a modest outflow of $874,610, underscoring the ongoing challenges for funds tied to Ethereum.
All 12 U.S. spot bitcoin ETFs posted gains on Thursday, collectively drawing $64.91 million in inflows. BlackRock’s iShares Bitcoin Trust (IBIT) led the way, securing a significant $75.49 million. Fidelity’s Wise Origin Bitcoin Trust (FBTC) followed with $9.23 million in additional investments. Other notable contributors included Ark Invest and 21Shares’ ARKB, which added $7.83 million, WisdomTree’s BTCW with $4.8 million, and Grayscale’s Mini Bitcoin Trust, which garnered $4.01 million.
VanEck’s HODL also performed well, attracting $3.41 million. Meanwhile, BRRR, BTCO, EZBC, and DEFI funds saw no change in their inflows or outflows. Since January 11, the cumulative net inflows for these bitcoin ETFs have reached approximately $17.62 billion, with the 12 funds now collectively holding $55.13 billion in Bitcoin. Thursday’s trading volume was around $899.67 million.
In contrast, ether ETFs faced a more challenging environment, with total outflows of $874,610 on Thursday, bringing their cumulative net losses since launch to $458.95 million. The trading volume for ether ETFs was approximately $93.87 million. Despite the overall decline, Fidelity’s FETH stood out by attracting $14.33 million in inflows, while Grayscale’s Mini Ethereum Trust added $3.68 million. VanEck’s ETHV was the only other gainer among ether funds, pulling in $954,100, while ETHA, ETHW, EZET, QETH, and CETH remained stagnant.
The stark contrast in performance between bitcoin and ether ETFs reflects differing investor sentiment towards these two leading cryptocurrencies. While bitcoin continues to draw significant investor interest and capital, ether funds are struggling to maintain traction. As the market remains cautious, investors are closely watching upcoming events, such as the Jackson Hole Economic Symposium, which could impact market dynamics.
