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Ether ETFs See Zero Flows for Second Time as Bitcoin ETFs Post Biggest Inflows in 6 Days
Bitcoin ETFs enjoyed their highest net inflows since Sept. 27, with FBTC and IBIT leading the way.
Updated Oct 8, 2024, 9:53 a.m. Published Oct 8, 2024, 9:51 a.m.
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- The nine ether ETFs in the U.S. registered zero flows in either direction, the second time this has occurred, the other being on Aug. 30.
- Bitcoin ETFs have seen inflows of nearly $18.75 billion since they listed in January, while their ether equivalents are $500 million in the red since they became available in July.
Ether exchange-traded funds (ETFs) in the U.S. saw zero flows on Monday for only the second time since their listing in July, according to data gathered by SoSoValue.
Bitcoin ETFs, meanwhile, enjoyed their highest inflows since Sept. 27, adding a net $235.2 million. Fidelity's product (FBTC) led the gains with $103.7 million while BlackRock's fund (IBIT) garnered $97.9 million.
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In contrast, the nine ether ETFs registered zero flows in either direction. The only other time this has occurred was Aug. 30.
The figures underline the differing fortunes of BTC and ETH products in the U.S. Bitcoin ETFs have seen inflows of nearly $18.75 billion since they listed in January, while their ether equivalents are $500 million in the red since becoming available in July.
Read More: Will Ether’s Supply Crunch Lead to Higher Prices in Q4?
