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SOC Team
US Bitcoin and Ethereum ETF Net Inflows Update on November 6, 2024
Inflow
The US Spot ETF Net Inflows on November 6, 2024, are recorded at +$622.7M for BTC and +$52.2M for ETH.
Fig 1. The US Bitcoin and Ethereum ETF inflows.
1. Key statistics for 11 Bitcoin Spot ETFs: +$622.7M
- The net flow rebounded strongly after 3 days with outflows as the Bitcoin price hit a new ATH after 236 days. Yesterday's net inflow was the tenth-largest inflow ever.
- Fidelity Wise Origin Bitcoin Fund (FBTC) continued to lead the inflow side for the second day in a row with a whopping $308.8M inflow.
- BlackRock's iShares Bitcoin Trust (IBIT), on the other hand, saw another outflow of 971 BTC ($68.3M). This was also the largest outflow among the 11 US BTC ETFs yesterday.
- The cumulative total net inflow after 101 trading days now stands at $24.15B.
Fig 2. 30-Day Net Inflow of 11 Bitcoin ETFs.
2. Key statistics for 9 Ethereum Spot ETFs: +$52.2M
- The net flow also rebounded strongly after 3 days with outflows as the Ethereum price soared by nearly 14%. Yesterday's net inflow was the fifth-largest inflow ever.
- BlackRock's iShares Ethereum Trust (ETHA) was the only ETH ETF with an outflow yesterday, albeit slightly.
- The cumulative total net inflow after 2 trading days now stands at -$495M.
Fig 3. 30-Day Net Inflow of 9 Ethereum ETFs.