Bitcoin (BTC) and Ether (ETH) ETPs See Record Inflows as Market Sentiment Improves
- Susan SarandonOriginal
- 2024-11-09 13:16:24169browse
ETFs attracted record-breaking inflows of nearly $1.4 billion on Thursday, with BlackRock’s iShares Bitcoin Trust (IBIT) collecting more than $1.1 billion of the total, according to U.K.-based asset manager Farside Investors.
Spot bitcoin exchange-traded funds attracted a record-breaking net inflow of nearly $1.4 billion on Thursday, with BlackRock’s iShares Bitcoin Trust collecting more than $1.1 billion of the total, according to U.K.-based asset manager Farside Investors.
Fidelity’s Wise Origin Bitcoin Fund attracted $190.9 million, according to Farside data.
ARK 21Shares Bitcoin ETF generated $17.6 million in inflows, while the Bitwise Bitcoin ETF added $13.4 million.
X post. “All told they feasted on about 18k btc in one day (vs 450 mined) and are now 93% of the way to passing Satoshi's 1.1mil btc.”
BlackRock’s iShares Ethereum Trust and the Fidelity Ethereum Fund led with inflows of $23.7 million and $28.9 million, respectively.
VanEck’s Ethereum ETF gathered $12.7 million, while the Grayscale Ethereum Mini Trust added $5.5 million in new assets.
Grayscale Ethereum Trust since its conversion. It carries a 2.5% expense ratio, the highest for these funds.
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