Oct 25, 03:50
SOC Team
US Bitcoin and Ethereum ETF Net Inflows Update on October 24, 2024
Inflow
The US Spot ETF Net Inflows on October 24, 2024, are recorded at +$187.5M for BTC and +$2.3M for ETH.
Fig 1. The US Bitcoin and Ethereum ETF inflows.
1. Key statistics for 11 Bitcoin Spot ETFs: +$187.5M
- The net flow has remained strongly positive for the second day in a row.
- BlackRock's iShares Bitcoin Trust (IBIT) continued to lead the inflow leaderboard for 8 consecutive trading days. This ETF brought in 2,436 BTC ($165M) yesterday, now holding 399,355 BTC ($27.16B), or over 2% of the circulating supply.
- Otherwise, 8 out of the other 10 US BTC ETFs saw $0 net flows.
- The cumulative total net inflow after 199 trading days now stands at $21.57B.
Fig 2. 30-Day Net Inflow of 11 Bitcoin ETFs.
2. Key statistics for 9 Ethereum Spot ETFs: +$2.3M
- The net flow has been positive for 3 consecutive trading days, albeit weakly for the last 2 days.
- Only BlackRock's iShares Ethereum Trust (ETHA) saw an inflow yesterday.
- All other 8 US ETH ETFs saw $0 net flows.
- The cumulative total net inflow after 67 trading days now stands at -$478M.
Fig 3. 30-Day Net Inflow of 9 Ethereum ETFs.