US Spot Ethereum ETFs Receive $98M

Negative flows yesterday continued for spot Bitcoin exchange-traded funds in the US, with a total of $148.5 million in net outflows reported.

Out of the 12 Bitcoin funds, Fidelity’s FBTC led with the highest outflows of $64.48 million, followed by Grayscale’s converted GBTC fund with $32.18 million, and ARK Invest and 21Shares’ ARKB with $28.88 million in net outflows.

Ethereum ETFs experienced a total daily inflow of $98.3 million, with BlackRock’s ETHA leading with $109.89 million. Meanwhile, Fidelity’s FETH saw $22.49 million in inflows, Grayscale’s mini trust recorded $4.7 million, and Franklin Templeton’s ether fund had under $1 million in inflows.

Augustine Fan, Head of Insights at SOFA.org, noted that the differences between BTC ETFs and ETH ETFs must be put into perspective.

While BTC has seen significant inflows over the past month, ETH has only seen muted cumulative inflows since its launch.