New data released recently reveals significant activity in Bitcoin exchange-traded funds (ETFs), as ten major funds saw a net inflow of 1,017 BTC, equivalent to approximately $64.31 million. Among the standout contributors, the Fidelity Wise Origin Bitcoin Fund experienced an inflow of 415 BTC, valued at $26.26 million. Fidelity currently holds a total of 177,067 BTC, valued at $11.2 billion, showcasing its strong position in the market.
In an update on September 23, it was reported that the net flow of Bitcoin ETFs was positive, with an inflow of 1,017 BTC amounting to $64.31 million. Fidelity’s inflow was 415 BTC, equivalent to $26.26 million. Currently, Fidelity holds a total of 177,067 BTC, valued at $11.2 billion.
According to Lookonchain, the iShares (Blackrock) Bitcoin Trust remains the largest holder, with a total of 357,550 BTC. However, there were no reported inflows or outflows in the past day. On the other hand, the ARK 21Shares Bitcoin ETF saw an inflow of 350 BTC, totaling 1,598 BTC over the week, indicating steady investor interest. Other notable funds, such as Bitwise and VanEck Bitcoin Trust, also experienced positive inflows, further highlighting the growing confidence in Bitcoin ETFs among investors.
In contrast to Bitcoin ETFs, Ethereum-focused ETFs experienced a slight decline, with a net outflow of 146 ETH, equivalent to approximately $385,000. The Grayscale Ethereum Trust, the largest holder with a total of 1,717,725 ETH worth $4.55 billion, saw an outflow of 117 ETH, totaling $310,500. This outflow reflects ongoing market adjustments amidst fluctuating investor sentiment.
However, the iShares (Blackrock) Ethereum Trust reported strong inflows, adding 6,060 ETH over the past week, indicating renewed interest in Ethereum-focused investments. The Grayscale Ethereum Mini Trust also showed positive movement with an inflow of 2,186 ETH, suggesting pockets of resilience within the broader market trends.
The overall net inflows in Bitcoin ETFs indicate strong demand, with inflows surpassing outflows across several major funds. Although Ethereum ETFs experienced some outflows, they still demonstrate areas of strength, particularly among newer and smaller funds. The contrasting trends between Bitcoin and Ethereum ETFs highlight the nuanced dynamics within the digital asset investment landscape, which are influenced by investor sentiment and market conditions.