Ether ETFs Gain While Bitcoin ETFs Take a $438M Punch – Crypto Markets Reel

The 12 U.S. spot bitcoin exchange-traded funds (ETFs) experienced a challenging Monday, with outflows reaching $438.38 million during the day’s trading.

Bitcoin ETFs Bleed $438M in a Single Day as Crypto Prices Plunge.

As the crypto market faced a general downturn and bitcoin (BTC) prices dipped, the 12 ETFs kicked off the week on a low note. Trading volume remained substantial, with $5.61 billion settled, but a considerable $438.38 million exited from various funds. Out of the 12, only two recorded inflows: Blackrock’s IBIT, which pulled in $267.79 million, and Grayscale’s Bitcoin Mini Trust, which added $420,460.

Sosovalue.com stats show the day’s steepest loss came from Bitwise’s BITB, which saw $280.73 million in outflows. Grayscale’s GBTC followed, losing $158.24 million. Fidelity’s FBTC shed $134.72 million, while Ark Invest’s and 21Shares’ ARKB dropped $110.88 million. Invesco’s BTCO saw a $10.89 million reduction, Vaneck’s HODL was down by $8.05 million, and Valkyrie’s BRRR declined by $3.09 million.

Meanwhile, the nine spot ether ETFs collectively lost $2.83 million, with $711.21 million in trading volume. Bitwise’s ETHW led the inflows with $8.75 million, followed by Fidelity’s FETH at $4.36 million, and VanEck’s ETHV at $2.55 million. On the flip side, Grayscale’s ETHE recorded a $7.65 million loss, its Ethereum Mini Trust shed $3.96 million, and 21Shares’ CETH decreased by $1.22 million.

Despite Monday’s withdrawals, the 12 bitcoin ETFs still hold $102.23 billion in BTC reserves. Since Jan. 11, 2024, these funds have collectively seen net inflows of $30.40 billion. In contrast, the nine ether ETFs have accumulated $109.63 million in net inflows to date. The BTC ETFs now represent 5.44% of bitcoin’s total market value, while the $10.28 billion held in ether ETFs accounts for 2.44% of ether’s market capitalization.